XRP Sell a break setup.
Ripple - Intraday - We look to Sell a break of 0.4084 (stop at 0.4241)
Trading within a Bearish Channel formation.
50 4 hour EMA is at 0.4106.
A break of 0.4100 is needed to confirm follow through negative momentum.
Our outlook is bearish.
Trend line resistance is located at 0.4300.
Our profit targets will be 0.3607 and 0.3412
Resistance: 0.4300 / 0.4500 / 0.4700
Support: 0.4100 / 0.3800 / 0.3600
Trading within a Bearish Channel formation.
50 4 hour EMA is at 0.4106.
A break of 0.4100 is needed to confirm follow through negative momentum.
Our outlook is bearish.
Trend line resistance is located at 0.4300.
Our profit targets will be 0.3607 and 0.3412
Resistance: 0.4300 / 0.4500 / 0.4700
Support: 0.4100 / 0.3800 / 0.3600
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