XRP: Repeating Inverse Head & Shoulders Patterns+Rising Channel(For Personal Notes & Due Diligence) -- XRP 4hr
-- First Noticed the current Inverse Head & Shoulders pattern last night & have been keeping close eye on it. Actually appeared to want to break out to the upside earlier this morning just as I suspected given the apparent Inverse H&S, but not enough volume & came back to this $0.178ish are for past several hours.
-- Since we clocked in the low at $0.10 in late February, we've been trending upward in a very distinct upward channel.
-- Resistance at the $0.18 which is a level that had previously acted as support for XRP back in December 2019. Going to need some big volume to push us above this level.
-- In approx. 24-48 hours, I suspect that the 50 Day MA will meet/intersect with the 200 Day MA. If the 50 MA can climb above the 200 MA that will be a great sign for anyone LONG XRP.
Now it's time for XRP & Ripple to swoop in to save the rest of the world from the impending global liquidity crisis haunting in the shadows of these incredibly volatile & unprecedented times that we face here in April 2020.
Did someone say "On Demand Liquidity"?!?!?!?
Cheers to the dawn of a bright, prosperous, safe, healthy, loving, abundant, thankful, peaceful, and happy future ahead of us -- one that is filled with more riches & wealth than we can possibly imagine. The Greatest Transformation of Wealth the World Has Ever Seen...
To the Moon!
