XRP has been bouncing around this range tagging both sides numerous times without finding any interest of breaking out. We have currently tagged the upper trendline and lower trendline multiple times as we continue to expand as we move forward, which is called a megaphone pattern. If this pattern continues to play out, volatility will continue to increase as we move along.
MACD continues to slide lower here as the signal line will soon join the histo in negative territory while the RSI continues to get rejected at resistance after failing to break higher!
We currently remain in a no-trade zone as we await some type of volatility.
Thanks guys!
MACD continues to slide lower here as the signal line will soon join the histo in negative territory while the RSI continues to get rejected at resistance after failing to break higher!
We currently remain in a no-trade zone as we await some type of volatility.
Thanks guys!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.