XRP update
ripple broke through my first rising wedge, but could still possibly be within another (bold blue line). watching closely for confirmed break. possibly short term bearish divergence battling a longer term bullish divergence. final result will most likely depend heavily on btc's next move, which seems increasingly likely to be further upwards. this would again place heavy selling pressure on ripple, which could drop back towards the lower resistance of the channel. looking to slowly open short positions towards the top of the channel/wedge.
Note
continue to watch btc, we got a good window into emotions on that latest upwards spike even if it did not yet break out of its pennant
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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.