XRP/USD
Bullish Case
- Bounce from this M or double top bottom.
- RSI, MACD and Histogram looks to want to reverse as it is close to oversold on the LTFs (5min, 15min, 30min, 1hour)
- Possible retest at 0.382 fib area which is approx. $0.4754
Bearish Case
- Break down past the bottom of the M or double top pattern and we go to next support at approx $0.45 which is the 0.5fib retrace.
- RSI, MACD and Histogram looks to want to continue on down on the HTFs (8hr, 12hr, 1day)
I am more bearish than bullish still, thoughts?
Bullish Case
- Bounce from this M or double top bottom.
- RSI, MACD and Histogram looks to want to reverse as it is close to oversold on the LTFs (5min, 15min, 30min, 1hour)
- Possible retest at 0.382 fib area which is approx. $0.4754
Bearish Case
- Break down past the bottom of the M or double top pattern and we go to next support at approx $0.45 which is the 0.5fib retrace.
- RSI, MACD and Histogram looks to want to continue on down on the HTFs (8hr, 12hr, 1day)
I am more bearish than bullish still, thoughts?
Trade active:
Comment:
Touched the resistance, now should retrace for $0.42 area which is the 0.618 retrace