WinVested

XRP to form Inverse H&S over next 3-4 weeks (unless parabolic)

Long
One month formed the inverse right shoulder. One month formed the inverse head. It will take another 3-4 weeks to form the inverse left shoulder. At that point we should accelerate up toward the $0.36-$0.38 region to test trend line resistance. I think with the power of the inverse H&S we will be able to get through this resistance level. If we form a higher high (>$0.48) we know we're going parabolic. If we reject the $0.36-$0.38 region, we'll know we're heading back down, with a lower high reached. I suspect we'll play around over the next 3-4 weeks in the $0.29-$0.33 region before testing that $0.36-$0.38 region.

This is not financial advice, just my opinon, and that's IF we assume we're not already heading parabolic.
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.