XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities.
Its worth bearing in mind that if we break the ascending trendline, we could see XRP fall back down to the double bottom region.
Right now we can monitor the lower timeframe chart for bull flags to take this higher. We have clear invalidation level which will negate our bullish outlook - break fo the ascending trendline.
Its worth bearing in mind that if we break the ascending trendline, we could see XRP fall back down to the double bottom region.
Right now we can monitor the lower timeframe chart for bull flags to take this higher. We have clear invalidation level which will negate our bullish outlook - break fo the ascending trendline.
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。