Cheers to XPCollector7 for spotting this smaller time frame ihs on xrp before priceaction had even reached the peak of the head. I just noticed there was also this one as well on BTCUSD. time frame works well on both 3 minute and 1 hour chart on this pattern. The volume profile on this one is as textbook as they get...so it all looks pretty bullish with the exception of the stochrsi being in the overextended zone. A fakeout is possible but I'm leaning more towards a legitimate breakout with a target up to the toptrendline of xrps falling wedge pattern. BTCs not as far since the top trendline on btcs wedge pattern is further away. Probability favors breakout so side with probability but also be prepared for a fakeout simultaneously.
Kommentar:
a break upward here from the ih&s gives us a breakout target around 3521. with the 1hr 200ma being the next most likely resistance