XRP/USD - Confirmed Bearish Trend
Looking at the daily chart, XRP broke through and confirmed rejection of the bullish trend.
In the 4 hours chart, we see that Ripple formed a double top, with which the bullish trend line broke, and moved lower towards the support zone.
After that, the new resistance zone was retested with the formation of a double bottom and again jected.
Now the ripple in the double top pattern after rejecting the new resistance zone broke through its support zone and went down until it found a stronger support zone.
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Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situatio
In the 4 hours chart, we see that Ripple formed a double top, with which the bullish trend line broke, and moved lower towards the support zone.
After that, the new resistance zone was retested with the formation of a double bottom and again jected.
Now the ripple in the double top pattern after rejecting the new resistance zone broke through its support zone and went down until it found a stronger support zone.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situatio
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