Triple top forming on the 30min timeframe for XRPUSD after we have seen the supply area around 1.43- 1.45 being tested unsuccessfully three times now. If we see another test at the 1.37 - 1.4 support and we break down below that we will retest 1.29 as that is the nearest support.
RSI and ADX seem to be under pressure downward as is the MACD.
A close above 1.45 would invalidate this.
Let's see what happens.
Not trading advice, just what I see ;)
RSI and ADX seem to be under pressure downward as is the MACD.
A close above 1.45 would invalidate this.
Let's see what happens.
Not trading advice, just what I see ;)
Comment:
So I neglected to say that there is some support at around 1.32, which it hit perfectly and the rebound for yet another test of the top and now we have broken out of the ascending channel and back to that support at 1.32, if broken will lead us to 1.29.
