Hi dear traders
The price bounced from the resistance zone and formed a double top pattern.
The price is now in the support zone.
It is possible to return to confirm the pattern.
To confirm, it should test the neck line as resistance.
If the neckline is broken, the price can rise to the next resistance, otherwise, it will return to the support area of 0.33 and 0.3
Neck line area between 0.3638 and 0.3681 .
We can take some profit 📈 from support area to neckline.
XRP still bearish
Let's see what happens
This is not financial advice ( DYOR )
The price bounced from the resistance zone and formed a double top pattern.
The price is now in the support zone.
It is possible to return to confirm the pattern.
To confirm, it should test the neck line as resistance.
If the neckline is broken, the price can rise to the next resistance, otherwise, it will return to the support area of 0.33 and 0.3
Neck line area between 0.3638 and 0.3681 .
We can take some profit 📈 from support area to neckline.
XRP still bearish
Let's see what happens
This is not financial advice ( DYOR )
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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.
Related publications
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.