XRP's bull/bear transition Pt 46
Following a successful bearish trade, many XRP holders and potential buyers are looking for a new entry.
Looking at the daily/weekly chart, there's a large inverted H&S pattern just waiting to be bought, which would propel us out of the resistance that has plagued XRP for the past 2 years, and potentially create new all time highs.
Sounds pretty good, right?
We'll see if that happens. I speculate that it will, but of course I could be wrong.
Please let me know your thoughts, and I'll continue making these over the next couple months, tracking XRP's progress.
Looking at the daily/weekly chart, there's a large inverted H&S pattern just waiting to be bought, which would propel us out of the resistance that has plagued XRP for the past 2 years, and potentially create new all time highs.
Sounds pretty good, right?
We'll see if that happens. I speculate that it will, but of course I could be wrong.
Please let me know your thoughts, and I'll continue making these over the next couple months, tracking XRP's progress.
Trade active
Trade activeNote
Making a nice little trend line, nice initial push from bulls.Note
This is looking more and more like an inverse H&S to me. If this is the case, we should see about .28 by the end of Feb/beginning of MarchNote
Looks like a neckline to me!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.