Symmetŕical Triangle formed in Daily Chart...where will it go?

27 בנוב׳ 2020

Another formation was created after many days of ups and downs on XRP.With btc going down on its price, xrp continue to join this direction.If you are going to look on the chart of btc, it is somewhat similar to XRp that is why they are corellated with each other. As for now, daily chart showed weak movement for xrp and is being validated by the macd and rsi.The price is still lying on the upper level of the kertnel channel but it is slowly weakening.a week or 2, we will see the clear direction of xrp but let us focus on the boundary of symmetrical whther it will break the upside or downward direction.if it fails...the dotted line is the initial suppport.if it moves upward, it will try to retest the resistance.Have a happy weekend and Gid bless