David_Smith
Short

XRP|USD - Rising Wedge Broken

BITSTAMP:XRPUSD   XRP / U.S. Dollar
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We broke the lower boundary of the rising wedge and it turned to be a resistance. The rejection led us to decline and it's expected to continue because we got rejected of horizontal resistance now

In case support trendline is broke the decline will continue

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Not a Financial Advice
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Comments

busted
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Rising wedge patterns seem to have become really unreliable recently. It is as if the whales are waiting at the tip and smashing retail interest, and then waiting for them to bail out and going long. I won't believe rising wedges as an indicator any more. Why take that risk?
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same idea))
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