xrpusd - time for a recovery wave?
as of current - seems as if btc is falling making its flag a downward sloping wedge- still on top of once resistance now support.
xrp seems as though its getting exhausted of the sell side - if we take out the fakeout impulse just before the dump started - we can form a downward wedge formation as well which the apex is very near the upward sloping support line which has been respected time and time again with all the wick fishing.
target measured move if broke out would be the resistance at 30.5 once again- this is a good opportunity for a break even trade if you happened to get in on the false breakout during swell and got stuck.
xrp seems as though its getting exhausted of the sell side - if we take out the fakeout impulse just before the dump started - we can form a downward wedge formation as well which the apex is very near the upward sloping support line which has been respected time and time again with all the wick fishing.
target measured move if broke out would be the resistance at 30.5 once again- this is a good opportunity for a break even trade if you happened to get in on the false breakout during swell and got stuck.
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