XRP WEDNESDAY UPDATE 9.25.19: DOWN BUT NOT OUT?
Updated
Good Morning all!
XRP fell to the 1.618! Last time we had volume on a drop like this price reverse 22%. Will we see the same thing happen again?
15 minute chart pendant formation can break upside or downside. After a bearish move one would expect down.
1H chart move from support up to resistance. Decisive volume is needed for a break
4H stochastic RSI shift up with MACD reseting. XRP seems so have already recovered 50% of the drop
Is it possible that XRP is printing a descending broadening wedge?
XRP fell to the 1.618! Last time we had volume on a drop like this price reverse 22%. Will we see the same thing happen again?
15 minute chart pendant formation can break upside or downside. After a bearish move one would expect down.
1H chart move from support up to resistance. Decisive volume is needed for a break
4H stochastic RSI shift up with MACD reseting. XRP seems so have already recovered 50% of the drop
Is it possible that XRP is printing a descending broadening wedge?
Note
15 Minute bearish divergence to re test pendant formation?
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