XRPUSD is clearly on a downtrend but forming a falling wedge pattern.. All it needs to do is to hold the 200MA and break a simple 0.235 Resistance!
Also Decreased Volume is a GOOD SIGN! Less Supply, waiting for Demand to come. Breakout from this descending wedge is highly possible. BTC just needs to cooperate.
A BIG BUT! A drop below this level can still happen as long as we hold the 200MA..
LET ME KNOW WHAT YOU THINK!
IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY
HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING :)
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⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Also Decreased Volume is a GOOD SIGN! Less Supply, waiting for Demand to come. Breakout from this descending wedge is highly possible. BTC just needs to cooperate.
A BIG BUT! A drop below this level can still happen as long as we hold the 200MA..
LET ME KNOW WHAT YOU THINK!
IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY
HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING :)
````````````````````````````````````
⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.