XRPShort
XRP squeezing down
Overview:
Dominant trend (May to present): Not well-defined. No strong bias until Dec 12, 2017 when prices rocketed higher, topping out at 3.35 before pulling back to as low as 0.84.
Short-term trend: Bearish since mid-January.
1st support @ 1.15
1st resistance @ 1.63
Symmetrical Triangle (continuation signal) has formed and volume is dropping.
A break below the triangle would be reason to believe that the bear-trend is continuing.
A break above the triangle would need to be followed by higher-highs and higher-lows before a trend reversal could be confirmed.
Dominant trend (May to present): Not well-defined. No strong bias until Dec 12, 2017 when prices rocketed higher, topping out at 3.35 before pulling back to as low as 0.84.
Short-term trend: Bearish since mid-January.
1st support @ 1.15
1st resistance @ 1.63
Symmetrical Triangle (continuation signal) has formed and volume is dropping.
A break below the triangle would be reason to believe that the bear-trend is continuing.
A break above the triangle would need to be followed by higher-highs and higher-lows before a trend reversal could be confirmed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.