I previously pointed out a rising wedge in an idea of mine, it appears it could be forming. This really isn't good news. Targets are labelled on graph.
BTCUSDT is also dragging the price down which makes pattern validation more likely. BTC has also broke below the neckline on the H&S (high time frames) and Double Top (low time frames). This is very concerning, how will WS market react. There is a lot of fundamentals coming out this week, this could get very bloody.
People saying this is a re-test of our so called 'symmetrical' triangle. I'm still not sure.
I have been scalping the patterns so either way not too bothered about price action right now but this is genuinely concerning for the future of XRP.
BTCUSDT is also dragging the price down which makes pattern validation more likely. BTC has also broke below the neckline on the H&S (high time frames) and Double Top (low time frames). This is very concerning, how will WS market react. There is a lot of fundamentals coming out this week, this could get very bloody.People saying this is a re-test of our so called 'symmetrical' triangle. I'm still not sure.
I have been scalping the patterns so either way not too bothered about price action right now but this is genuinely concerning for the future of XRP.
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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.