4 bullish patterns on xrpusd could have a breakout domino effect

3 בנוב׳ 2021

This is a classic bullish pattern domino effect. I everyone of these patterns breakout points converge like it appears they very well may, as one pattern reaches it’s measured move breakout target it will rigger the other pattern and so on and so forth. Ultimately, we need the pink horizontal line(inv h&s neckline) to be flipped to solidified support long enough to trigger the inverse head and shoulders bullish breakout. Once we can flip it to solidified support that is the signal that all fo these patterns will b e confirming their breakout. Until then however this could just be yet another convincing fakeout by xrp.

4 בנוב׳ 2021

הערה

Inverse h&s neckline (in pink) is still solid resistance. Let’s hope the top trendline of the symmetrical triangle (in light blue) can maintain support.