On the 4 hr i see a descending triangle with the bottom around $1.05. I was looking for patterns and the inverse head and shoulders stuck out to me. Anyone else seeing this, or am i just an idiot? Im not brand new to this, but im no prodigy either. The 1.11 area would line up with a retest of my 12 hr upper trend line. Any constructive criticism is welcome.
Note
tried to put a 12 hr and 4 hr as a reference to the bigger picture, but cant figure out how to add the charts.Note
Looks like it played out, but i think we are still going to have a drop into the 0.90's. i entered a short at 1.20 the other day, and i have a stop loss set up where i stay green if it turns on us, and Phemex is paying us to short right now. Not trading any of my XRP, just doing contracts so i can buy more at the dip (if it dips). Dont take anything i say as financial advice, im just a dude playing a dude playing another dude.
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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.