XRPBTC - Ripple looking to test some high resistance lines
Updated
Right now, we're looking at an up channel with resistance between 5550-5650 sats. If we pop that line, next channel resistance line is around 6050 (going back to October) - likely closer to 6000 this time around.
Lower channel support between 5300-5400. If we breakdown, we have soft support around 4900, and a hard support line at 4400.
Watch for breakouts above 5500 and breakdowns below 5300.
Lower channel support between 5300-5400. If we breakdown, we have soft support around 4900, and a hard support line at 4400.
Watch for breakouts above 5500 and breakdowns below 5300.
Note
Couldn't hold the line and brokedown. Support is trying to hold at 5300, but I'm anticipating bull exhaustion and a breakdown to the high 4000's.
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