Over the last 3 days, we saw a perfect text-book inverse head & shoulders on the XRPUSD 1h chart.
This was over a slightly descending/ almost horizontal neckline (right shoulder is lower than the left shoulder), and with a retest and rebound off the neckline to boot!
Such a structure is a strong signal that we have left the bottom of the market, and are back to an uptrend with strong bullish momentum.
Happy and safe trading!
This is not investment advice. Please do your own research.
Feel free to follow me for regular analysis and update.
This was over a slightly descending/ almost horizontal neckline (right shoulder is lower than the left shoulder), and with a retest and rebound off the neckline to boot!
Such a structure is a strong signal that we have left the bottom of the market, and are back to an uptrend with strong bullish momentum.
Happy and safe trading!
This is not investment advice. Please do your own research.
Feel free to follow me for regular analysis and update.