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.
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.
Note
This rising wedge may break down (UP!) very soon, $0.35 would very much confirm an extremely large move up for me
Note
🧐
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Definitive breakNote
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)
Note
Note
Another drop is imminent :)Initial target shown
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Guys/GalsHow 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:
youtu.be/YOa3NPEZuC0
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
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.
Twitter: @CryptoBullGod
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
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.