On Ripple Coin's 60 minute chart, we see a nice inverse head and shoulder reversal pattern.
If we get a breakout above the neckline resistance at .235 then, we should see a nice run.
Entry: Breakout over .235, neckline of head and shoulder pattern Target: .274, 200% retracement of depth of the head (measured move = same depth as head) Stop: Below .235 (former resistance becomes new support)
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MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections + measured moves Successful trading means proper risk sizing and trading small so you can stay in the game.