Will it finally end this downtrend? This formation (IH&S) is combined with triangle. The moment of bullish attack (and volume) must be precisely watched to decide to get in or not.
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Basically there are fast no chances for bullish attack (maybe with huge good info, but i doubt in it). There are more chances to bearish attack. I must even close my entry (for 0.5% capital @ 10.4 cents). Stocks will crash in November, and around that crash will be good moment to buy XEM or Ripple cheaper.
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but only with hope for temporary spike up (in case of XEM) nad little higher spike (in case of Ripple maybe few hundred% from dip, Ripple team has much better PR policy than NEM).
Combined with continuation of crash scenario in case of stock markets (after some correction now) in November.
InvestingScope
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@orminlange, Excellent input. Thanks for sharing this.
orminlange
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In case of XEMUSD the market did not even played until now inverted H&S nor triangle. Not even a false attack. So bearish panic selling with opportunity to collect cheaper is ahead of smart money.