XRP - H&S reversal?
Just observing the Head & Shoulders formation that has completed in XRP which projects a rally to over $0.72. If it can confirm a close above $0.73, then there will be a lot of confidence that the lows are behind.
However, the article in Zerohedge today about Tether (USDT) being of questionable integrity puts a large cloud over the apparent euphoria in the crypto markets right now.
zerohedge.com/crypto/what-effect-would-tether-being-complete-fraud-have-cryptos
However, the article in Zerohedge today about Tether (USDT) being of questionable integrity puts a large cloud over the apparent euphoria in the crypto markets right now.
zerohedge.com/crypto/what-effect-would-tether-being-complete-fraud-have-cryptos
Note
Look at that! A classic re-test of the neckline to confirm it as support and then renewed confidence. It needs to break lines of resistance at $0.68 and at $0.70 before $0.73. After that, the next major resistance looks to be around $0.80. After that its $0.93.Oops, there goes $0.68 on Binance.
Note
Reached resistance at $0.80. It might need to retrace a little to punch through, but it is looking strong.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.