XRPLong
1hr chart inv h&s seem to be confirming breakout on xrp & btc
this is the inv h&s pattern we just broke up from on the 1hr chart that seems to be confirming its breakout....its measured move breakout target should then take us above the top trendline of the 1 day charts bullflag(not shown here) that we are currently just below the resistance of
n it's top trendline..greatly increasing the odds that we will break above that trendline on the way to reach the inv h&s's breakout target....bitcoin is doing the same exact 2 patterns as well right now so where goes bitcoin xrp is likely to follow...currently the bullish confluence tips the probability scales slightly in the bulls favor for continuing to the upside. However we need to see confirmation similar to this inv h&s pattern's on the 1 day bullflags as well in the next few days to feel confident that the breakout it fully confirmed.
n it's top trendline..greatly increasing the odds that we will break above that trendline on the way to reach the inv h&s's breakout target....bitcoin is doing the same exact 2 patterns as well right now so where goes bitcoin xrp is likely to follow...currently the bullish confluence tips the probability scales slightly in the bulls favor for continuing to the upside. However we need to see confirmation similar to this inv h&s pattern's on the 1 day bullflags as well in the next few days to feel confident that the breakout it fully confirmed.
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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.