the rising wedge appears to have been broken to the downside. interestingly we see a last ditch bullish attempt which stopped after hitting the underside of the wedge, support became resistance. this could have also been a single large player fooling some bulls into buying into his shorts. this latest quick rise on btc, possibly breaking out of its pennant (more time to confirm) has sparked fear through the alt longs and greed in the alt shorts. even if btc is not truly breakout out yet, we got a good look at the current market sentiment, and the downward trend seems likely to continue. this could be currently showing in a small hidden bearish divergence in ripple's last attempt at a move up.
Transaction en cours: