InvestingScope

Ascending Triangle approaching completion. Short on top.

Short
Ripple recovered from the quick sell off near 0.4300 but by making a double top at 0.62300 is has created an Ascending Triangle on 4H (RSI = 50.798, MACD = 0.006, ADX = 24.351) that on the next 0.62300 test will reach the depletion point. We expect this to be the top and the technical Lower High on the emerging 1D Channel Down (STOCHRSI = 37.946, Highs/Lows = 0). We are still expecting a Gap Fill on 1D and remain short with TP = 0.27100.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.