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.
Not
not financial advice. it's analysis for my personal trade.peace.
Not
İşlem aktif
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Retest of the neck line
Not
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.
Not
Short term targetİşlem aktif
İşlem elle kapatılmış
Not
lol rekt ...lot need to learn
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.