JEN_ZALA_TRADES

XRPUSD push back up to resistance and then down to support

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRP looks like it is going to push to touch that resistance area again, the .41000 area. Looks to be double top forming. If the resistance holds price will push down to .32000 area throughout the month (overall play but not right away). Indicating a strong dollar. And if it breaks the opposite can be expected

Price is currently consolidating but has not created a new low.

I do that price will drop eventually as this trendline has been broken a few times.

No indicators just naked forex... support/resistance (in major time frames), trendlines , and candle patterns.
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.