XRPBTC - Short set-up
Supply zone at about 0.00011 is a strong resistance.
On the weekly chart, we see some inverted hammers at the resistance zone. Weekly Stochastic RSI indicates that we are at the end of the bullish momentum. Give it a week or two before it breaks down.
Diagonal support (purple line) is bound to break at some point. Profit target are indicated on the chart.
On the weekly chart, we see some inverted hammers at the resistance zone. Weekly Stochastic RSI indicates that we are at the end of the bullish momentum. Give it a week or two before it breaks down.
Diagonal support (purple line) is bound to break at some point. Profit target are indicated on the chart.
Note
WowzaTrade closed: target reached
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