XRP has broken down from the triangle and cut through the demand zone where it now finds to be resistance. EMAs have now started to turn over and are about to crossover bearish.
MACD continues to trend lower but the histo is creeping up a little while RSI did break above the resistance line but seems to be losing steam and might return back under and proceed lower. The safer trade here would be to wait for a break lower of this supply zone and take a trade on the retest having targets set at the FIB level, which is near 0.43.
Thanks guys
MACD continues to trend lower but the histo is creeping up a little while RSI did break above the resistance line but seems to be losing steam and might return back under and proceed lower. The safer trade here would be to wait for a break lower of this supply zone and take a trade on the retest having targets set at the FIB level, which is near 0.43.
Thanks guys
Order cancelled
When we couldn't break down much past the supply zone, you knew that a test higher could insue to test the supply above. Trade would have been closed on the fail to break lower!
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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.