sdwariz
Singkat

XRPUSD: Getting ready to test trend line

BITSTAMP:XRPUSD   Ripple / Dollar
After the last chart I did on XRP, based on comment by @Petitboy, I have redrawn the upper pennant line to reflect the entry point of the pennant being the high price coming down to it. This, of course, makes it likely bearish , and almost immediately it broke through the bottom of the pennant to confirm.

Now, I have drawn a red trend line . Will we find support at this level? Or has the price risen too far, too fast? If it does break down through this trend line , we will hopefully find support at around 1.56 or 1.55.
I am no geek or not a chartist. But I think (based on my observation of trends) it will test 1.10/1.20 before it starts its upward trend again based on positive news inflow.
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