XRP / TetherUSShort
H&S - 45 minute timeframe
Hi there,
I believe what is a H&S is currently being formed on the 15 minute, 30 minute and 45 minute timeframe. To confirm the head and shoulders pattern the price must retract down to $2.315 and then proceed to break down the neckline. A confirmation below $2.315 would signify the pattern is in play. If the pattern does form and breaks down we could be looking at $2.16-$2.22 price range. This would be perfect especially for the next rally where I hope we break ATH.
If you have any feedback on my analysis it would be greatly appreciated, I'm curious to see what the community thinks of this idea.
NFA
Thank you! :)
I believe what is a H&S is currently being formed on the 15 minute, 30 minute and 45 minute timeframe. To confirm the head and shoulders pattern the price must retract down to $2.315 and then proceed to break down the neckline. A confirmation below $2.315 would signify the pattern is in play. If the pattern does form and breaks down we could be looking at $2.16-$2.22 price range. This would be perfect especially for the next rally where I hope we break ATH.
If you have any feedback on my analysis it would be greatly appreciated, I'm curious to see what the community thinks of this idea.
NFA
Thank you! :)
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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.