Update on $XRP. Still in a descending triangle.
Volume decreasing and EMA50-100 acting as resistance close to current candles..
I have marked an horizontal channel where price has been bouncing for at least 8 days ...
I will keep waiting for a breakout for now #XRP #ripple
Zooming into smaller timeframes we can see how price is bouncing from the upper trendline of this channel to the lower and back.
In case you want to trade this, make sure to do some extra research since it could break at any moment.. #XRP $XRP
Volume decreasing and EMA50-100 acting as resistance close to current candles..
I have marked an horizontal channel where price has been bouncing for at least 8 days ...
I will keep waiting for a breakout for now #XRP #ripple
Zooming into smaller timeframes we can see how price is bouncing from the upper trendline of this channel to the lower and back.
In case you want to trade this, make sure to do some extra research since it could break at any moment.. #XRP $XRP
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Telegram Group: t.me/CryptontezTA