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JEN_ZALA_TRADES
Aug 5, 2022 10:17 PM

XRPUSD push back up to resistance and then down to support 

XRP / DollarBitfinex

Description

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.
Comments
JEN_ZALA_TRADES
Wait to see what price does. It may also push down to that trendline before pushing up.
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