Ripple double top ?
Price Action (PA) Ripple closed above EMA 50,100,200 periods. XRP hit 2862, after correction to 0.5 fib. level. at 2710. XRP was formed double top formation at 0.2862 and 0.2874. Break down EMA 21 periods.
Potential retest green support trend line at 0.2574 and 0.618 fibs level.
Indicators: MACD bearish crossover bellow zero line. RSI around 50 points neutral. Bearish sign.
Pattern: Double Top.
S/R potential support at 0.2574, Resistance at 0.2875.
Volume confirm downtrend move.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Potential retest green support trend line at 0.2574 and 0.618 fibs level.
Indicators: MACD bearish crossover bellow zero line. RSI around 50 points neutral. Bearish sign.
Pattern: Double Top.
S/R potential support at 0.2574, Resistance at 0.2875.
Volume confirm downtrend move.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
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