Huge flat top Kumo cloud on hourly Ichimoku (7, 77, 231, 21) and appears to be holding .618 retracement following the Moneygram news.
Look for atleast 1:1 extension at some point in near future but huge Kumo cloud to pierce to new highs.
To be more risk averse, wait for the breakout over the cloud to take a long position, however, an Edge to Edge move is still in play.
*Unconventional customized points taken from Brian Kelly's "Boss method" based off fractals and prime numbers.
Have tested these on 30min+ - 4hr charts and appears to stay true 9x out of 10 for swing deals.
Ripple has a tremendous amount of resistance to recover but recent news should boost it back over the .00017500 level at some point.
Look for atleast 1:1 extension at some point in near future but huge Kumo cloud to pierce to new highs.
To be more risk averse, wait for the breakout over the cloud to take a long position, however, an Edge to Edge move is still in play.
*Unconventional customized points taken from Brian Kelly's "Boss method" based off fractals and prime numbers.
Have tested these on 30min+ - 4hr charts and appears to stay true 9x out of 10 for swing deals.
Ripple has a tremendous amount of resistance to recover but recent news should boost it back over the .00017500 level at some point.