Spotted an inverse H&S on the 4hr chart. Quick video for today.
I rethought some of the support, and displayed it in this video. Will also post the trading idea so it can be tracked.
I love the log scale, but have to remind myself to switch out of it time to time when identifying diagonal supports. This is one of those times. I was pretty disappointed to see price action ignore my support that I hoped would stay strong, and it blew right past it. After switching away from log scale, I realized that there was reason to believe this is the...
Info in video- I expect to see a continued large pennant pattern.
Explained in video- very short term (next few hours) is slightly bearish, can see touching the circle before catching the medium dark blue line and heading upwards from there. Video says it all
First video post- let me know your thoughts. To summarize, we've seen patterns of extreme growth in XRP after breaking the previous resistance of the preceding trend. We're coming up against that very shortly (end of May to beginning of June) at the end of this massive pennant, and I believe we could be in store for something absolutely massive.
Right as it crossed, it flipped direction.