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.
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This rising wedge may break down (UP!) very soon, $0.35 would very much confirm an extremely large move up for me
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🧐
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Definitive break
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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)
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Another drop is imminent :)
Initial target shown
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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