WinVested

XRP to form Inverse H&S over next 3-4 weeks (unless parabolic)

Alış
One month formed the inverse right shoulder. One month formed the inverse head. It will take another 3-4 weeks to form the inverse left shoulder. At that point we should accelerate up toward the $0.36-$0.38 region to test trend line resistance. I think with the power of the inverse H&S we will be able to get through this resistance level. If we form a higher high (>$0.48) we know we're going parabolic. If we reject the $0.36-$0.38 region, we'll know we're heading back down, with a lower high reached. I suspect we'll play around over the next 3-4 weeks in the $0.29-$0.33 region before testing that $0.36-$0.38 region.

This is not financial advice, just my opinon, and that's IF we assume we're not already heading parabolic.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.