This is how I see it...
Price tapped into a strong demand zone and is now showing signs of bullish intent. If this level holds, we might see a push to complete a potential inverse Head & Shoulders pattern.
My plan?
Let it dip a little to form the right shoulder, then watch for a break of the neckline and that descending trendline. If it clears that, I’ll be eyeing targets around 2.6–2.8.
Of course, I could be wrong — but the structure looks clean and the risk/reward here makes sense to me.
What do you guys think? Too early for a reversal or is XRP warming up?
Price tapped into a strong demand zone and is now showing signs of bullish intent. If this level holds, we might see a push to complete a potential inverse Head & Shoulders pattern.
My plan?
Let it dip a little to form the right shoulder, then watch for a break of the neckline and that descending trendline. If it clears that, I’ll be eyeing targets around 2.6–2.8.
Of course, I could be wrong — but the structure looks clean and the risk/reward here makes sense to me.
What do you guys think? Too early for a reversal or is XRP warming up?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.