Ripple Heading South. Weekly Update - 17. APR. 2020.
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Hello Traders. What happened this week?
As you can see on April 10 there was a External Trendine breakout, Two days later there was a pullback but no chance to get back into the trend. the direction changed from then on.
The price now rests on the horizontal line if the 4h candle falls below the line, it does not look very good in my opinion. That wick down also says a lot that needs to be fullfilled.
There is a chance that a downside trend is coming.
This is not for financial advice but for education!
If you think its helpful leave us a comment or like!
Have a great day everyone!
As you can see on April 10 there was a External Trendine breakout, Two days later there was a pullback but no chance to get back into the trend. the direction changed from then on.
The price now rests on the horizontal line if the 4h candle falls below the line, it does not look very good in my opinion. That wick down also says a lot that needs to be fullfilled.
There is a chance that a downside trend is coming.
This is not for financial advice but for education!
If you think its helpful leave us a comment or like!
Have a great day everyone!
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