XRPUSD is moving in a huge channel where it already moved to the lower line several time which is certainly morethan
XRPUSD Price Analysis: 4 Hr Chart
The last times XRPUSD showed heavy declines to the downside which will go on when the coin
confirms below the lowest line of the triangle. The is sending more signs which can lead to a test of the oversold region which is matching to the more possible outcome scenario.
Thehas the potential to confirm a crossover to the downside when the faster moving blue line crosses the orange signal line to the downside. There can be a trade when XRPUSD falls below the line with a trade of the lower low.
- TREND: Sideways
- EXPECTATION: Breakout
- TREND AFTER EXPECTATION: More possible downside
- INDICATORS: MACD: crossover incoming possible, RSI: Looking for oversold region possible
- PREV: 0.17709
- OPEN: 0.17721
- VOLUME: 47.918M
- DAY’S RANGE: 0.17473 — 0.17776