DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Another Manic Monday but yet a happy day.
Today's Bitcoin opening was so strong that it sent a green light signal across the entire crypto markets especially for our dear XRP after beaten down hard over the previous days.
Let us get into business the first highlight today was none other than the Bitcoin crypto leader finally printed a breather green candle.
Please zoom in the image for more details.
Next is, I am seeing 2 probable Head and Shoulders pattern based on the daily candles' formation for the dear XRP.
Actually the bearish H&S pattern looks like a fake-out because I cannot see where the real shoulders are located. On the limelight, if Bulls and Bisons continued to pushed the price back higher to former levels since April and the new multi-year high. Anything can happen so it is not wrong to make an estimates.
Lastly, we go the XRP's 4hour macro trading since this timeframe is to be considered mid-term where swing setups can exist.
What I am seeing here is that XRP can lock up again in range bounds if it decide to consolidate again.
For more information regarding my technical report today, please watch my short video explanation here:
Always remember to read my disclaimer above.
Diamond hands always paid off in the end!
XRP to the moon soon! :-)
Once again, I do hope that you have enjoyed reading my article. I am confident that I have delivered today's technical missions.
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Thanks a lot for continued support!
God bless you all my fellow XRP loves. I will continue my work.
God speed.
