XRP/BTC 2 scenario's

Hi there!

My first chart post analyses.

So we see that the yellow line is a bearish trend. It could not reach a higher high compared to previous high's till now:

- Scenario 1, red line: It breaks through support 0.00009490 --> trend will be downwards to 0.00006000 as it follows the bearish trand (yellow lines)

- Scenario 2, green line: It makes a higher high and breaks through resistance of 0.0014671. Target 1 would be 0.00015677, which could be the new resistance. When a higher high is made and its breaks through 0.00015677 target 2 would be 0.00017765, T3 next blue line and so on

What do you think of my idea's?

Thanks for the comments, much appreciated

Comment:

Seems like a short term HIdden Bearish Divergence in the MACD:

Comment:

Pattern is repeating itself... Still no sign's of a reversal of the trend.