Hi Guys,
Although one would say an 'ascending' triangle is bullish, when you're in a bear market all I see is blood. We should see a dip to the $0.14 - $0.13 region in due course.
The bearish engulfing candle and constant dips below the mean support indicates selling pressure is in favour when bears see the blood.
S&P, DJI, BTC all looks toppy to me, and with XRP at resistance pegged to the USD pair, all I see is more down-side then upside.
Good luck - & let me know if you liked this.
Yours Sincerely,
Anon.
Although one would say an 'ascending' triangle is bullish, when you're in a bear market all I see is blood. We should see a dip to the $0.14 - $0.13 region in due course.
The bearish engulfing candle and constant dips below the mean support indicates selling pressure is in favour when bears see the blood.
S&P, DJI, BTC all looks toppy to me, and with XRP at resistance pegged to the USD pair, all I see is more down-side then upside.
Good luck - & let me know if you liked this.
Yours Sincerely,
Anon.