Ripple is falling to support level 0.28023. The price bounced from it several times. There can be great Midterm Buy entry with good risk/reward correlation after fake breakout!
It either will either run hard before touching it to shut out bottom-fishers, or plow through it for liquidity. Based on what I'm seeing, I'm leaning toward a bet for the former.
Yuriy_Bishko
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Hello friends, share your ideas about Ripple here!
nicolalessi
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@Yuriy_Bishko, In my opinion we are ready for a bullish period. Currently we are on a very long term support and I doubt to see it at .28 cents. Take a look at my idea, it seems ready to go for a very bullish run (and along with XRP also other altcoins have a similar situation):
nicolalessi
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@nicolalessi, the candles in purple are those of the last bull run (2017), the trend is very similar
Yuriy_Bishko
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@nicolalessi Nice job! where will be entry zone in your opinion?
nicolalessi
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@Yuriy_Bishko,I think these are the best levels to enter:
1) .37 cent
2) .46 or maybe .47 cent
3) .53 cent
The last level confirm the bullish run with an exit target of around .70 cents as the first stop before restarting.
@nicolalessi, My idea is nearly the same as yours. But I am also be cautious of a further manipulative spike to the $0.30's where the other multi year trendline is located.