We've reached the top of the bear flag formation, now where?

XRP has reached the top of the flag and rejected off resistance and is currently overbought on the RSI, I expect it to fall to the bottom of bear flag where it should break resistance, retest the flag and drop to double tap the previous low. Will it go further? Time will tell.

Obviously it would invalidate my short call should it break .16 AND HOLD on high volume. If shorting, I would place SL @ .165.

This is not financial advice, trade at your own risk.

Dagangan ditutup: hentian tercapai