Broken Trendline & Inverse H&S neckline.
Retest & rejection of head and shoulder neckline.
Retest/Reject of Jan 6 high.
Rejection off 61.8 fib from last lower high.
Ascending trendline.
Yeah, you get the point. Blast off.
- 38.2 FIB & TREND LINE RESPECTED (DONE)
- BREAK OF DESCENDING TREND LINE
- FAILS TO BREAK THROUGH PHYSIOLOGICAL RESISTANCE OF 1310.00
- RETESTS DESCENDING TREND LINE AND FAILS
- TAKE OFF TO 1350.00
Hey Folks!
Quick Analysis on XRPUSD. We have been consolidating heavily between the 23.8 & 38.2 fib level while respecting both an upward and downward trendline on the 1hr & 4hr. Resistance has been found at the 38.2 fib retracement level and at the .29460 price.
As you can see we're forming an Ascending Triangle & getting closer to a possible breakout. We're...
