botje11

XRP Ripple H&S versus Bearish wedge

BINANCE:XRPBTC   Ripple / Bitcoin
I usually don't do the btc' pairs, but these 2 patterns could be significant though. Since they show a mid/long term picture for XRP' and possibly even for the entire market.

On the left we can see a big inverse H&S while on the right we can see a big bearish wedge . At the moment we are still at the support line of the bearish wedge , so there is not much room left. The USD' pair is also still moving inside the 0.36 and 0.4 range. A break of this range will probably give us the answer to which pattern will play out and possibly even where the entire market is headed to.







Please don't forget to like if you appreciate this :)



Previous analysis:

Follow me on Twitter for updates here on TradingView: https://twitter.com/botje11TV

Free Public Telegram, broke the 7.000 level of members https://t.me/botje11
Bitcoin broke a triangle and a wedge , why is there no growth? What if a downward wedge is just being formed?

P.S. I accept thanks with likes and comments to the idea!
Reply
Thx for the analysis. Comments on this flag? Bearish wedge seems about right, but the flag might be in play as well.
+1 Reply
thank you!
Reply
Interesting 2 scenario's thx for the heads up !
+1 Reply
Thanks for all you do. It's very much appreciated, as always.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out