Ripple saw lots of consolidation over the past week or so and now looks to be breaking downwards. Main target is shown based off of previous resistance however could go further. Bollinger Bands on high time frames look very tight and the lower bounds are being pushed.
Comment:
Target has been hit. Still feeling bearish about the short term so maybe we see some consolidation into continuation down near 8k sats while we are currently around 8.4k sats. Also heavily dependent on what happens with bitcoin as the price is at a decision point right now.
Trade closed manually:
Decided to manual close my short at great profit.