XRP / TetherUSShort
H&S - 45 minute timeframe
Hi there,
I believe what is a H&S is currently being formed on the 15 minute, 30 minute and 45 minute timeframe. To confirm the head and shoulders pattern the price must retract down to $2.315 and then proceed to break down the neckline. A confirmation below $2.315 would signify the pattern is in play. If the pattern does form and breaks down we could be looking at $2.16-$2.22 price range. This would be perfect especially for the next rally where I hope we break ATH.
If you have any feedback on my analysis it would be greatly appreciated, I'm curious to see what the community thinks of this idea.
NFA
Thank you! :)
I believe what is a H&S is currently being formed on the 15 minute, 30 minute and 45 minute timeframe. To confirm the head and shoulders pattern the price must retract down to $2.315 and then proceed to break down the neckline. A confirmation below $2.315 would signify the pattern is in play. If the pattern does form and breaks down we could be looking at $2.16-$2.22 price range. This would be perfect especially for the next rally where I hope we break ATH.
If you have any feedback on my analysis it would be greatly appreciated, I'm curious to see what the community thinks of this idea.
NFA
Thank you! :)
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.