Xrp/usdt has broke the first long downtrend, and continue it short-term up trend. Now, the price reach the upper line of second downward trendline. (This is observed from 1day timeframe). To confirm the break up or down, I switch to 4H timeframe . Price is hovering on the upper line of the downward trendline . If the price above the x trendline , price might continue its uptrend. If price break down ‘A’ trendline , it might continue the downward trend in the past.
This is my opinion. This is not financial advice.
Peace.
This is my opinion. This is not financial advice.
Peace.
Note
price has closed above X trendlineNote
wait for price to retest trendline to continue upward moveNote
My next target 1.272 fib minimum
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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.