XRP's bull/bear transition Pt 46
Following a successful bearish trade, many XRP holders and potential buyers are looking for a new entry.
Looking at the daily/weekly chart, there's a large inverted H&S pattern just waiting to be bought, which would propel us out of the resistance that has plagued XRP for the past 2 years, and potentially create new all time highs.
Sounds pretty good, right?
We'll see if that happens. I speculate that it will, but of course I could be wrong.
Please let me know your thoughts, and I'll continue making these over the next couple months, tracking XRP's progress.
Looking at the daily/weekly chart, there's a large inverted H&S pattern just waiting to be bought, which would propel us out of the resistance that has plagued XRP for the past 2 years, and potentially create new all time highs.
Sounds pretty good, right?
We'll see if that happens. I speculate that it will, but of course I could be wrong.
Please let me know your thoughts, and I'll continue making these over the next couple months, tracking XRP's progress.
Transaction en cours
Trade activeNote
Making a nice little trend line, nice initial push from bulls.Note
This is looking more and more like an inverse H&S to me. If this is the case, we should see about .28 by the end of Feb/beginning of MarchNote
Looks like a neckline to me!
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Publications connexes
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.