RLinda ! XRPUSDT-> Trend change. Price is testing resistance
XRPUSDT. On the chart, we see the change of the uptrend to bearish and a good opportunity to enter the market, as the price is trading near the resistance zone.
On the chart, we can see that from the support 0.2935, the price forms an upward price channel, but could not get above the level of 0.3875, the price made only a false resistance breakout and started to change the trend.
We can see a change in the trend, formation of the range boundaries, thus we can identify the boundaries of the downward price channel. The price rolls back to the resistance area and consolidates under the trend line after the false breakout
I assume that after testing the resistance zone we may see the price fall along the trend line. The short-term target is the support and liquidity zone 0.2935
Regards R. Linda!
On the chart, we can see that from the support 0.2935, the price forms an upward price channel, but could not get above the level of 0.3875, the price made only a false resistance breakout and started to change the trend.
We can see a change in the trend, formation of the range boundaries, thus we can identify the boundaries of the downward price channel. The price rolls back to the resistance area and consolidates under the trend line after the false breakout
I assume that after testing the resistance zone we may see the price fall along the trend line. The short-term target is the support and liquidity zone 0.2935
Regards R. Linda!
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