XRPUSD, Completes Determining H-S-Formation, Objections Ahead!

Hello,

Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. As I discovered recently in my analysis XRPUSD has completed a decisive formation in the schedule which is now confirming and lying ground for the next developments ahead of the upcoming times. As when looking at my chart now we can watch there how XRPUSD completed this massive head-shoulder-formation with the elements of the formation already completed and with XRPUSD recently bouncing below the neckline marked in blue. What is also pivotal here is that XRPUSD pulled back below the 60-EMA marked in green in my chart which held the bullish trend previously to the upside, the fact that XRPUSD is now below this EMA and also below the neckline defines these two levels as main resistances. Now with this pullback came in XRPUSD moved on to test the 100-EMA in the structure marked in red and XRPUSD is now forming this bearish formation between the 60- and 100-EMA which is likely to convert into a bear-flag as this is a typical confirmation-formation occurring after such a head-shoulder breakout emerged. Now as these developments happened XRPUSD confirmed the further continuations to the downside and activated the target-zone within the 0.955 Usd level marked in my chart in blue, once this level has been reached it has to be elevated if XRPUSD manages to bounce in this zone or just sets up for a bearish continuation which will happen when XRPUSD closes below the support, for now, we should not keep the bearish perspective out of sight here to properly prepare on incoming volatilities.

In this manner, thank you for watching my analysis about BITCOIN and its main bearish-divergence structure with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight!
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Information provided is only educational and should not be used to take action in the market.