LochubT

XRP, reaching the trendline.

KRAKEN:XRPUSD   XRP
The following content is machine translation:

In the 4-hour chart, the callback formed a downtrend line and a double-bottom support at 0.35. Now it has reached the downtrend line, which can be up or down.
The indicator macd is about to cross the golden cross, the RSI indicator is above the neutral 50 point, and the kinetic energy is insufficient.
To sum up, if the market breaks through the downtrend line, the macd will be a golden fork, which can be more. If it fails to break through and fall back, macd will reject the golden fork, which can be empty. In the short-term, the upper resistance is 0.37, and the lower support is 0.35.

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