A diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Often to be mistaken as an upcoming Head and shoulder formation.
There are a lot of similar Diamond pattern on others charts right now. Usually, diamond pattern use to work out quite often. Let´s see how it will play out. (Personally, I think there is a lot irregularities going on with xrp but scam like tether etc doesn´t stop others anyway....)