Entry is now on the thin blue retrace line. Stop anywhere below but account for low volume slippage on the contract.
Checked off the characteristics of a classic inverse h&s. If this plays out with a large volume out-break than I'd suspect the whole crypto market-cap would be experiencing this.
breakout may correlate with mid-large cap alts so I related a very similar bullish continuation pattern forming in xrpbtc all mid-large cap alts painting the same pictures on weeky CMC previews too
volume appearing to come back and fib targets laid out, all it needs is a high volume break through any of the flag resistances + bullish retest to confirm the trade. btw if you long on futures and this shit pumps do not cash out whole position, XRP loves to run and you'll regret closing a good entry just to chase another one.
. entry triggers after the break-down of the wedge.
Just waiting for a meaty bearish continuation pattern to form on the daily or 4 hour chart to jump in on the short. Feasibly an entry in the low 7's.
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Orange line is the midpoint the large ETH Channel that @Venturecoinist (Luke Martin) uses to gauge the alt market, zoom out to see the full channel.