XRP/USD H&S pattern. + bearish divergence on daily chart
I spotted this head & shoulders pattern on the 4 hour and this seems to play out very nicely on the 1H.
Be cautious with spikes to the 0.2605 and 0.2635 area!
If price respects the 0.2635 level perfect we are in for a next leg downwards. If not we continue our upwards trend to 0.28 and 0.305.
BTC/USD is also showing weakness at the 16k level, which is also an indication that we will be heading back down for the next week (probably). I’m never taking things for granted 😅 but this is my view on the market at this point in time.
Good luck all!
Hope you liked to read my idea ;)
Be cautious with spikes to the 0.2605 and 0.2635 area!
If price respects the 0.2635 level perfect we are in for a next leg downwards. If not we continue our upwards trend to 0.28 and 0.305.
BTC/USD is also showing weakness at the 16k level, which is also an indication that we will be heading back down for the next week (probably). I’m never taking things for granted 😅 but this is my view on the market at this point in time.
Good luck all!
Hope you liked to read my idea ;)