XRP has gained a lot of attention by influencers who claim the chart forms a head and shoulders top.
logic tells me to do the opposite of any influencer or news headline.
what's a more optimistic pattern than the dreaded head and shoulders? perhaps a bullish consolidation wedge? XRP's chart is full of bullish flags and symmetrical triangles. if one focuses on not just a pattern, but a common pattern (very meta indeed), there seem to be common points where rays can be projected.
it just so happens those rays in my opinion show me the consolidation range, breakout point, and retracement level before confirmation and continuation.
anyone else see what i see?
logic tells me to do the opposite of any influencer or news headline.
what's a more optimistic pattern than the dreaded head and shoulders? perhaps a bullish consolidation wedge? XRP's chart is full of bullish flags and symmetrical triangles. if one focuses on not just a pattern, but a common pattern (very meta indeed), there seem to be common points where rays can be projected.
it just so happens those rays in my opinion show me the consolidation range, breakout point, and retracement level before confirmation and continuation.
anyone else see what i see?
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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.