Hello and welcome to my Trade Idea of the currency pair XRP/USD.
Let's start with the reasons why the chart is bearish for me:
Technical analysis: The price has broken out of the first pennant pattern and now he is in a second pennant pattern.
We wait for a confirmed breakout from the pennant.
Timeframe: 1h
Direction: Short
Have a nice day.
Let's start with the reasons why the chart is bearish for me:
Technical analysis: The price has broken out of the first pennant pattern and now he is in a second pennant pattern.
We wait for a confirmed breakout from the pennant.
Timeframe: 1h
Direction: Short
Have a nice day.