WalterMoon

RIPPLE - After exiting from pennant, price can bounce up

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in commentsđź‘Š

A few moments ago price entered to falling channel, where it first reached resistance line and then continued to fall.

In channel, XRP broke $0.5360 level, which coincided with resistance area and declined until to support area.

After this, price made strong upward impulse to $0.5705 points, exiting from channel and breaking $0.5360 level.

But soon, Ripple turned around and in a short time declined to $0.4900 support level inside downward pennant.

Next, price bounced from support line of pennant and rose to resistance line and now tired to exit from this pattern.

In my mind, Ripple, after exiting from pennant, can make retest and then bounce up to $0.5440, breaking resistance level.

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