XRPUSD reverts to neutral for now

7 thg 5, 2018

Since my last post XRPUSD has moved back to the bottom of the trading range so I am no longer bullish. It is still forming a bullish trend line with three touches at the bottom and two at the top but it's a more considered bullish shape. A breakdown below the trend line support AND trading range support followed by confirmation that they are now resistance is a signal to open a short. Otherwise I expect a slow move back to the top of the trading range over the next few days.