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petebmdtv

About to break trend?

Long
XRP (BITSTAMP:XRPUSD)  
petebmdtv  
BITSTAMP:XRPUSD   XRP
Chart Patterns Technical Indicators Trend Analysis
5
0
chartpattern indicator trendanalysis
Analysis: recently stuck in downtrend channel
Prediction: suspect breakout imminent

I anticipate climb to 0.48-0.50 (profit taking)
Pull back to 0.42 anticipated and will be weak support.
This level (0.40) I believe will provide strong support.

Thoughts?


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