XRP - H&S reversal?
Just observing the Head & Shoulders formation that has completed in XRP which projects a rally to over $0.72. If it can confirm a close above $0.73, then there will be a lot of confidence that the lows are behind.
However, the article in Zerohedge today about Tether (USDT) being of questionable integrity puts a large cloud over the apparent euphoria in the crypto markets right now.
zerohedge.com/crypto/what-effect-would-tether-being-complete-fraud-have-cryptos
However, the article in Zerohedge today about Tether (USDT) being of questionable integrity puts a large cloud over the apparent euphoria in the crypto markets right now.
zerohedge.com/crypto/what-effect-would-tether-being-complete-fraud-have-cryptos
Note
Look at that! A classic re-test of the neckline to confirm it as support and then renewed confidence. It needs to break lines of resistance at $0.68 and at $0.70 before $0.73. After that, the next major resistance looks to be around $0.80. After that its $0.93.Oops, there goes $0.68 on Binance.
Note
Reached resistance at $0.80. It might need to retrace a little to punch through, but it is looking strong.
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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.