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XRP squeezing down
Overview:
Dominant trend (May to present): Not well-defined. No strong bias until Dec 12, 2017 when prices rocketed higher, topping out at 3.35 before pulling back to as low as 0.84.
Short-term trend: Bearish since mid-January.
1st support @ 1.15
1st resistance @ 1.63
Symmetrical Triangle (continuation signal) has formed and volume is dropping.
A break below the triangle would be reason to believe that the bear-trend is continuing.
A break above the triangle would need to be followed by higher-highs and higher-lows before a trend reversal could be confirmed.
Dominant trend (May to present): Not well-defined. No strong bias until Dec 12, 2017 when prices rocketed higher, topping out at 3.35 before pulling back to as low as 0.84.
Short-term trend: Bearish since mid-January.
1st support @ 1.15
1st resistance @ 1.63
Symmetrical Triangle (continuation signal) has formed and volume is dropping.
A break below the triangle would be reason to believe that the bear-trend is continuing.
A break above the triangle would need to be followed by higher-highs and higher-lows before a trend reversal could be confirmed.
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