Folks remember that as we get these pull backs, the only thing that can invalidate any type of upside move would be an invalidation of this 45 cent support zone.
From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents.
While MACD is crossing on the daily, keep in mind we have a WEEKLY MACD cross to the upside which is very bullish. I am anticipating that ripple will fail to break 45 cents on the downside and we will get a run at $1. If we look at the volume profile, we can see that as soon as we break 60 cents, we have some room to run.
Still holding, you could even add at the bottom of this channel here from 45-50 cents if you didn't get in.
Happy hodling,
-Sherem
From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents.
While MACD is crossing on the daily, keep in mind we have a WEEKLY MACD cross to the upside which is very bullish. I am anticipating that ripple will fail to break 45 cents on the downside and we will get a run at $1. If we look at the volume profile, we can see that as soon as we break 60 cents, we have some room to run.
Still holding, you could even add at the bottom of this channel here from 45-50 cents if you didn't get in.
Happy hodling,
-Sherem
Comment:
previous update:
where we went long at 30-33 cents -
where we went long at 30-33 cents -
Comment:
update on ripple compared to ETH -
Comment:
update:
Also keep in mind if we go into full bull run mode we will get a test of the ATH's again, if not higher.