DrDovetail

XRPUSD finds support on IH&S Neckline as 4hr goldencross begins.

I'm leaning bullish here even though the 1 day candle closed just under the inverted head and shoulder patterns neckline we are now seeing a decent rebound back above the neckline on the current 4hr chart candle with 20 minutes left to go before the next 4hour candle and we can also see the 4hr golden cross is just now starting to set in. Boh bullish signals....however I'm leaving this idea neutral however because we haven't yet gotten a 1 day chart higher high on btcusd which we will need soon to continue the bullish momentum and hand control of the market over to the bulls. Even though the 4hr golden cross has just now started to occur...in this crucial window for at least the next 3-5 4hour candles it is a zone where a golden cross can end up being a fakeout...to sustain solidify and confirm the golden cross we will definitely need to see the inverted head and shoulder neckline maintain strong support as well as trigger the pattern. until we have confirmation a fakeout is still a possibility. Overall I have a slight bullish bias for now but wanna be prepared for a potential inverted head and shoulder fakeout or even a golden cross fakeou possibility. t
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