XRP' bulls are feeling good and have been quite strong the past days. Making the inverse H&S is good realistic pattern. In my previous it followed my assumption pretty good with that double bottom bounce, testing the support with a lot of succes. Now the right shoulder for the inverse H&S is a bit small, but it could work though. There is also enough room to make it bigger in time but also in size. At the moment we can see a possible triangle on the left. If that works out, would be very bullish.
We can see 2 other support zones, the lowest one is important. If that one breaks the H&S will become less likely. But for now no reason yet to assume we will drop that much.
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Previous analysis:
We can see 2 other support zones, the lowest one is important. If that one breaks the H&S will become less likely. But for now no reason yet to assume we will drop that much.
Please don't forget to like if you appreciate this :)
Previous analysis:
Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.