XRPUSD is trading in its big falling wedge with a probable confirmation coming in sooner or later.
The wedge will confirm with a break of the upper line to the upside.
But till the confirmations come the downtrend is more likely and will continue till the important
support has confirmed which can confirm the overall wedge formation.
The falling volume is indicating a big move coming in when the time is appropriate.
The volume will increase and confirm the trend when the confirmation comes to the upside.
The RSI is sending signs for a possible reversal which firstly will test the oversold condition and
after that move to the upside and go to the overbought regions.
The MACD is sending a possible stabilization with intertwined lines which will support the
trend further.
TREND: Downside
EXPECTATION: Reversal
TREND AFTER EXPECTATION: Upside
FORMATION: Possible falling wedge
PREV: 0.17493
OPEN: 0.17478
VOLUME: 4.378M
DAY'S RANGE: 0.17453 — 0.17899
The wedge will confirm with a break of the upper line to the upside.
But till the confirmations come the downtrend is more likely and will continue till the important
support has confirmed which can confirm the overall wedge formation.
The falling volume is indicating a big move coming in when the time is appropriate.
The volume will increase and confirm the trend when the confirmation comes to the upside.
The RSI is sending signs for a possible reversal which firstly will test the oversold condition and
after that move to the upside and go to the overbought regions.
The MACD is sending a possible stabilization with intertwined lines which will support the
trend further.
TREND: Downside
EXPECTATION: Reversal
TREND AFTER EXPECTATION: Upside
FORMATION: Possible falling wedge
PREV: 0.17493
OPEN: 0.17478
VOLUME: 4.378M
DAY'S RANGE: 0.17453 — 0.17899