Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Xrp descending wedge tests top of wedge as support
XRP
Long
Xrp descending wedge tests top of wedge as support
By crow1980
Follow
Follow
Aug 22, 2019
7
Aug 22, 2019
There has been a descending wedge forming since the last high. It appears to be testing the top of the wedge to confirm a breakout.
Bullish scenario takes it to .40-.45 (if market climbs)
Semi bullish scenario (market stays stable) 0.30-0.33
Bearish failure, drop to 0.20-25
Chart Patterns
Cryptocurrency
ripple
xrp
xrpusd
crow1980
Follow
Also on:
Related publications
XRP to 0.29 or 0.37 - hourly MACD bullish divergence
by crow1980
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
.