We have currently broken below the ascending trendline and retested with a bounce confirming we are most likely going to go lower. Another scenario is we break through the decending trendline moving upwards. Keep a close eye on XRP as i believe big moves are coming our way.
Setting up this trade for the open of the forex market next week we see an ascending trendline on the 1 hour and break of this trendline could result in a bounce of three zones in dark green. rebound of these areas and we can continue higher.
Watch for a 1 hour close above the trendline and possibly take profit at support!!!!! Happy Trading
Omisego is at its resistance around 1.08 and looking like it possibly could make new lows or respect support and test the resistance again Comment what you believe to see and follow @cryptohodlteam on Instagram to Connect!
Xrp currently bounced off the ascending trendline and is expected to either break down to the respected psychological support of .30$. I expect the trendline to not break and for it to approach the box as we could possibly enter looking to take profits at .325 and .33 ...... stoploss could possibly be put at .30823 Happy Trading!