Trend analysis, channel formed

Updated
Though I'd share this analysis of where I think XRP is headed. I plan to buy and sell along this trend line to hopefully increase my XRP. So far it's held strongly to this channel, however I believe that it will encounter support at around 1.55. This is my first analysis.
Trade active
Sold at 1.73, looks like support is in the inner trend line, buy order set for 1.595
Note
Looks like its following the channel
Order cancelled
Trend Analysis

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