Sonace

Possible ABC formation XRP

Short
Sonace Updated   
Looks like a downward channel supported by cloud resistance. Next Fib level possible support and back into original upward channel. Please let me know your thoughts!
Comment:
Looks like it's breaking out. Still not convinced about the volume. Stoch/RSI still have room to move so might get a little bit more convincing. Stop-loss orders would be advised.

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.