XRP Symmetrical triangle and at the top of the channel.
Updated
XRPUSD was rejected at the top of the channel again and although there is still some time for the candle to close, the RSI is not ideal and flattening out as is the MACD.
A break to the upside seems unlikely if this candle closes below the top of the channel and or triangle.
A break up has a target of around 1.7 where a break down will take us closer to the bottom of the channel and support around 0.9.
Again a waiting game to see which side it will move to.
As always not advice just saying what I see and trying to learn.
A break to the upside seems unlikely if this candle closes below the top of the channel and or triangle.
A break up has a target of around 1.7 where a break down will take us closer to the bottom of the channel and support around 0.9.
Again a waiting game to see which side it will move to.
As always not advice just saying what I see and trying to learn.
Note
After a fakeout we broke right back into the triangle and channel and dropped to where predicted.Gut feeling says we may visit the bottom fully but for now the indicators show a short-term move up as we are oversold on the RSI and stretched on the MACD.
Currently we are only battling the mid-line of the channel.
So let's see what transpires here and then make a decision.
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