XRPShort
XRP - Failed inverse SHS ? Big dump in the cards?
XRP broke it's long time held support line. It made an inverse head and shoulder pattern to try to climb back up. If this fails (which it looks like right now), we could see a big dump for XRP. On the other hand, if we miraculously are able to reclaim the support line, it could be real bullish.
Note
XRP tried to reclaim the resistance line (red), but the attempt has failed so far. The idea is simple:
-> reclaim the resistance : all well and good
-> fail: dump hard
Not financial advise
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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.