Rhynnderan

XRP - Moving sideways - Battle Aftermath very near now.

BITFINEX:XRPUSD   Ripple / U.S. Dollar
302 0 5
BITFINEX:XRPUSD            
self explanatory.
2 scenarios either the forming pennant breakdown the uptrend line and we go down to 0.5,
or Bulls takes over and we will be back progressively to a new ATH             overcoming on the way the major resistances.

However Buying volumes have declined a lot since last ATH             in January, and we can see that bears struggle to pull down below the uptrend line despite several attempts.
I would favor the bull scenario but we have to wait for a confirmation (breaking up the small pennant ).

regards,

Mikael
Trade active: The statement is still valid., i smell bulls to win before the 16th march.

Goldman and sach publication aimed at lowering the cryptomarkets, annoucing that BTC can falls below 6k.
Despite their influence, Bulls contains pretty well bear pressure that fades along the time...Execpt if whales enter in a nasty game the uptrend line will continue to protect the bull reversal.
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