XRP - 1D - About the current moves
We have broken the mini descending triangle in blue, but we are still in the big one in pink.
On the 1W chart we can see the Stochastic is still very low (oversold) so we can imagine the price reaching the pink resistance in the following days/week.
The EMA lines are still showing that we are not near a golden at all.
So, after a quick visit to the resistance, I'd see come back to the support again before the end of the pink triangle... And then, we'll read the indicators and charts again!
On the 1W chart we can see the Stochastic is still very low (oversold) so we can imagine the price reaching the pink resistance in the following days/week.
The EMA lines are still showing that we are not near a golden at all.
So, after a quick visit to the resistance, I'd see come back to the support again before the end of the pink triangle... And then, we'll read the indicators and charts again!
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