XRP // BTC continued downtrend

XRP // BTC continued downtrend

Commento:

I'll wait for the pattern to develop before opening a position.

BTC.D helps support my confidence in this trade

Commento:

2 attempt to break our important resistance level of 3266 has resulted in rejection both times

Before the abnormal run up in volume/price, 3267 looks as though it was a strong resistance.

4 failed attempts to break the 3315 resistance with considerable volume and more downside looks likely

Commento:

Zoomed out to the hourly chart supports my bearish stance

Commento:

A lot of resistance at 3266. Drop is incoming

Commento:

Just can't get past.....

Commento:

........................

Commento:

Commento:

Possible additional setup of resistance breaks at 3266 and closes above 3276

Commento:

Alternative setup

Ordine annullato:

Trade closed due to invalidation. No position taken so no profit or loss