Support test. Strong short on break-out.

1 thg 8, 2018

XRPUSD has been rejected since the last report on a new Lower High line on the 1D Channel Down (RSI = 39.106). The downtrend has still not accelerated as MACD = -0.011, Highs/Lows = -0.0085, B/BP = -0.0352 are all close to zero values. I expect however the bearish pace to pick up if the 0.42412 support emphatically breaks (blue dotted line). 4H is on a very healthy Falling Wedge (RSI = 35.375) and our TP for Ripple intact: 0.4100 and 0.35277 in extension.