I am not an xrp trader at all, in fact, I've never taken an xrp trade before this.
That being said, this looks like a very well respected channel, by a centralized piece of garba EhHem. Sorry.
I can't honestly say i see this breaking down, but stoploss at .3
Im looking for an Eth bounce off a support level strengthened by multiple touches with some volume. I think Eth is garnering some FA attention atm and if BTC runs back to the 12K range (which I think it might need to do to complete the wedge) we could see some large gains on this chart.
Of course, it could just as easily break the support and correct back to the...
I know everyone thinks that we are either A) still in the BEAR or B) closing the BULL, however to me, it looks like we are in a continuation/consolidation of the current BULL
As outlined, we chart the lows in the uptrend and the highs in a downtrend. Strong support (green) seems to be in tact, while week resistance (red) still falls under the pennant.
Please...
