CryptoBullGod

XRP Inverted Bullish View

Long
POLONIEX:XRPUSD   XRP / U.S. Dollar
Inverting a chart can provide a unique perspective

Whatever pattern is present is valid, however, what gets "flipped" is the bullis/ bearish narrative

This inverted 5 day chart on XRP clearly shows a Rising Wedge

Because Rising Wedges are formations that are BEARISH leading to a break DOWN in price on normal non-inverted charts,

Inverted charts flip the script: this is BULLISH and should result in a break UP

Take a moment to think on this and let me know if you have any questions.
Comment:
This rising wedge may break down (UP!) very soon, $0.35 would very much confirm an extremely large move up for me
Comment:
🧐
Comment: Definitive break

Comment:
It is very common to retest a trend line

In this case, our pattern is a rising wedge, with the bottom upward trending line being a prior area of support within the pattern.

Given we have now broken this pattern, that same upward trending line has now become resistance. I fully expect another "drop" "lower" (remember, we're inverted, so drops lower are really rises higher in price)
Comment:
Comment: Another drop is imminent :)

Initial target shown

Comment: Guys/Gals

How can you not look at this chart and feel like the prices will not "drop" further

Looks "bearish" to me, and that's good if you're long on XRP, as this chart is inverted!

Green horizontal lines represent some target zones

True fun begins when ~$3.5 level is taken out

Twitter: @CryptoBullGod

Unique Value I add to this space:
https://youtu.be/YOa3NPEZuC0

Comments

I appreciate you inverting the chart as I present my charts in the same manner. I'm bullish XRP in the midterm as well.
+1 Reply
CryptoBullGod Theinvertedtrader
@Theinvertedtrader, thank you for the positive feedback!
Reply
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