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XRP/EUR Symmetrical triangle possible breakout

Long
XRP / Euro (BITSTAMP:XRPEUR)  
CWouter Updated   
BITSTAMP:XRPEUR   XRP / Euro
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
On the 4H XRP/EUR chart we start to see a symmetrical triangle. Which is a continuation pattern of the previous uptrend.
Comment:
The support line of the symmetrical triangle has been broken. If we would redraw the shape it would start to form a descending triangle which is indicating a bearish signal.

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XRP/EUR Symmetrical triangle morhped into a descending triangle
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