This indicator is helpful on other time frames as well.
DMI has been simple yet effective for confirmation.
I could see something like this being very possible.
Using the directional movement indicator. Notes are in the chart.
A look at our supports and resistances on the way down from ATH.
Just paying attention to all these gaps slowly filling in.
This is a pattern I've been monitoring for the last week or so.
This is how a market cycle tends to bottom out. You'll notice a similar pattern on the "silver" chat.
There's a clear pattern here. This can be used along with CME futures dates as well.
XRP fractal I made a couple weeks ago. Just now publishing. One more pump could be in play to fill it out before it plunges.
I see this as a likely scenario. Also a simple volume analysis tells me this is likely a bearish set up.
I'm having a hard time finding any bullish arguments.