Possible Head & Shoulder for XRP, SELL after confirmation
It looks like XRP is forming head & shoulder and next bearish movement is coming.
Since the higher timeframe is downtrend and head & shoulder is also following the higher timeframe, i would take short from here and let's see.
In case of pattern failure, we followed higher timeframe and we can expect to wait a little bit more.
Right shoulder is not yet finished and is not completed, it can go more upward and being higher, manage your position and risk and ensure that you are not using big position, try to increase it as the pattern follows its ideal shape.
Hope money flows into your pocket everyday 💸💸💸
Since the higher timeframe is downtrend and head & shoulder is also following the higher timeframe, i would take short from here and let's see.
In case of pattern failure, we followed higher timeframe and we can expect to wait a little bit more.
Right shoulder is not yet finished and is not completed, it can go more upward and being higher, manage your position and risk and ensure that you are not using big position, try to increase it as the pattern follows its ideal shape.
Hope money flows into your pocket everyday 💸💸💸
Trade ist aktiv
Entry: Add position SlowlyDirection: SHORT 🔴📉🔻
TP: 1.0450
SL: 1.17
You might think SL would not make sense, but since higher timeframe is bearish, i would keep the position open, i do not think XRP is ready yet for bullish reversal.
Trade geschlossen: Ziel wurde erreicht
Take 1/2 profit and risk-free position (SL at your entry)Anmerkung
Just in case you are looking into pattern, H&S converted into Triple Top Pattern.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.