Ripple is forming a nice red pennant
A breakout to the upside will find ripple breaching lines 2 and 3 and the 23% fib retracement. Hard resistance at line 1
A breakdown through the bottom of the red pennant (also supported by the stegosaurus top formation) would immediately test the 100 day MA and 50% retracement.. hard support at line 8 and likely the 76% retracement
Watch for RSI direction and stochastic embedding.
A breakout to the upside will find ripple breaching lines 2 and 3 and the 23% fib retracement. Hard resistance at line 1
A breakdown through the bottom of the red pennant (also supported by the stegosaurus top formation) would immediately test the 100 day MA and 50% retracement.. hard support at line 8 and likely the 76% retracement
Watch for RSI direction and stochastic embedding.