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.
Trade active:
Trade active
Comment:
Making a nice little trend line, nice initial push from bulls.
Comment:
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 March
Comment:
Looks like a neckline to me!
