Inverted H&S (8H timeframe)
2025-01-07
Category: None

Hi there,

Would anyone be able to confirm this pattern? 
The exact same pattern is forming on  CRYPTOCAP:BTC  graph. It's more predominant on the 12H graph.

Could this be the breakout that we're looking for? 

We need more time to confirm the pattern is at play and we would need a break above the neckline which is sat around $2.6. This would also mean a retest of the resistance at $2.49-$2.51 to which I believe will be broken which also means breaking out of the pennant.

If this is the case XRP could be looking at $4.9 by 21st January which is Trumps inauguration. 

There is a lot of volume coming in the last few hours, please trade carefully.
I myself have taken losses due to the extreme volatility.

Thank you for taking the time to look at my post.
If anyone has any feedback/input please feel free to share, all insight is appreciated. 