Ripple has broken the downtrend and like other top altcoins is ready to continue surging, but needs to cool down first to be able to break the 2950-3000 sat resistance. RSI is also above 70 which shows sellers should step in and take the price down temporarily.
A small correction to 2865 sat or 2800 sat and touching the short-term trendline(s) is expected.
Once the the 3000 sat level is broken it will retest the historical resistance/support level of 4000 sat.
A small correction to 2865 sat or 2800 sat and touching the short-term trendline(s) is expected.
Once the the 3000 sat level is broken it will retest the historical resistance/support level of 4000 sat.
Comment:
It was pumped above the resistance and dumped back below 2950 sat. Will see if it was a bull trap or not.
Comment:
Hit 2865 sat. Let's see if it goes as low as 2785-2800 sat (which also is the 50% fib retracement level) or not. If so, I think it's a good spot to open a long position.
Not financial advice.
Not financial advice.
Comment:
Reached second target 2800 sat. Trade closed.