XRP/USD - Descending triangle, expect a breakout next week!
XRP seems to have formed a large descending triangle and today we just bounced on its support.
As long as we don't fall down from this triangle, I remain bullish on us breaking out sometimes next week.
The resistance at $0.42 is keeping us down for now and I don't exclude another re-test of the support level before we can sustain a higher price.
The 4h indicators remain somewhat bearish short term, but on larger timeframe like daily, MACD is still looking ok for price to go higher. We have to see how this descending triangle resolves first.
Should we fall again the $0.35 level will give us a strong support.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
As long as we don't fall down from this triangle, I remain bullish on us breaking out sometimes next week.
The resistance at $0.42 is keeping us down for now and I don't exclude another re-test of the support level before we can sustain a higher price.
The 4h indicators remain somewhat bearish short term, but on larger timeframe like daily, MACD is still looking ok for price to go higher. We have to see how this descending triangle resolves first.
Should we fall again the $0.35 level will give us a strong support.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.