inversed head and shoulder (XRP/usdt)
hey guys.
1.since, 27 june we entered downtrend.
2. downtrend break.
3. left shoulder form.
4.head formation:
a)price touched lower than left shoulder went.
b)advances from lower point of head is accompany with high volume expansion shown in OBV and volume chart. plus, CMF is greater than zero
5. neckline formed and acted as resistance for breakout.
6.formation of right shoulder:
a)trough formation is accompanied with light volume and the CMF and OBV remained strong.
b)lowest point of right shoulder is almost the same with left shoulder but higher than the head.
c)advances from lower point of right shoulder and during breakout of neckline is accompanied with high volume expansion shown in volume chart.
7. Now, neck line turn support.
1.since, 27 june we entered downtrend.
2. downtrend break.
3. left shoulder form.
4.head formation:
a)price touched lower than left shoulder went.
b)advances from lower point of head is accompany with high volume expansion shown in OBV and volume chart. plus, CMF is greater than zero
5. neckline formed and acted as resistance for breakout.
6.formation of right shoulder:
a)trough formation is accompanied with light volume and the CMF and OBV remained strong.
b)lowest point of right shoulder is almost the same with left shoulder but higher than the head.
c)advances from lower point of right shoulder and during breakout of neckline is accompanied with high volume expansion shown in volume chart.
7. Now, neck line turn support.
Note
not financial advice. it's analysis for my personal trade.peace.
Note
Transaction en cours
Note
Retest of the neck line
Note
on weekly,previous candle was a hammer touching the resistance trendline. we might see price to touch around $0.285 where 10 EMA is located. volume is still good according to OBV. MACD already crossed last week indicates bullish movement is coming.
Note
Short term targetTransaction en cours
Trade fermée manuellement
Note
lol rekt ...lot need to learn
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.