MitchMilli

XRP Old H&S Neckline Might Get Slashed

Looking back on XRP Bitfinex chart I see this H&S pattern drawn quite a while ago and how the neckline has been significant this whole time. Would of been easy to say this was invalidated after price did not initially complete the right shoulder. Eventually over time the neckline resistance was met and briefly exceeded. Price then broke below the neckline which could be a true invalidation or a bear trap.

If nothing else this chart shows the well known resistance around 30 cents and how flipping that level as support would be very bullish. Not investment advice. Best wishes.
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