Originally I painted this as a bull pennant but we had a fake out that ended up bringing us back into the pennant and then proceeding to break down past the bottom side of the pennant. It was time to reassess what we had going on. Now we have a possible falling wedge forming on the 4 Hour time frame. Trade setups could be built when price touches the bottom side...
Xrp is coiling up for a move their is a possible pennant forming.
This can be potentially bearish for all markets crypto and traditional alike.
Spotted this on the 4 hour chart cant fully determine if there is any validity to it. Anybody have some input?
Nog sure but is this some sort of short term bear flag or is that not how this works???