XRPBTC - Ripple looking to test some high resistance lines

Right now, we're looking at an up channel with resistance between 5550-5650 sats. If we pop that line, next channel resistance line is around 6050 (going back to October) - likely closer to 6000 this time around.

Lower channel support between 5300-5400. If we breakdown, we have soft support around 4900, and a hard support line at 4400.

Watch for breakouts above 5500 and breakdowns below 5300.

Commentaire:

Couldn't hold the line and brokedown. Support is trying to hold at 5300, but I'm anticipating bull exhaustion and a breakdown to the high 4000's.