XRP/EUR Symmetrical triangle morhped into a descending triangleThe symmetrical triangle from the previous analysis morphed into a descending triangle. This descending triangle is indicating a bearish signal. But we can see that the upwards volume is increasing at the lower boundary of the triangle. Which is indicating that we will probably see a price increase in the next few hours. After the 'small' increase we will need to see if the buying pressure is strong enough to break the resistance of the descending triangle.
If the bulls are strong enough to break the resistance layer.. than we're probably entering a horizontal channel.
If the bulls are not strong enough then we might be on a way down..