At the moment we could see that we are on the trendline cross area! The price may go either direction but like You know the market may start to make a little correction! The price is currently between the two round numbers which are $0.3 and $0.4. At the moment, it found a resistance from trendline which is pulled from 04.07 and if the down pressure stays on the price then we break the minor up-trendline and we will see a movement downwards.
If we start to move downwards then our next stop would be $0.3 there is a round number 0.3 and a Fibonacci 62% retracement level! This area has to hold us, IF not, then next stop would be $0.25 where we see a double bottom! But let's see we keep on eye on the Ripple price and we try to give You some updates about the price action!
To be bullish - then we have to take down the minor trendline sine 04.07 and from there it's almost a clean road to the $0.4-$0.42! Above the $0.42 is the very strong resistance levels! If we break upwards then the road to the higher levels could be very-very hard!
Check the full crypto analysis - the link is on the profile!
Have a nice day!
If we start to move downwards then our next stop would be $0.3 there is a round number 0.3 and a Fibonacci 62% retracement level! This area has to hold us, IF not, then next stop would be $0.25 where we see a double bottom! But let's see we keep on eye on the Ripple price and we try to give You some updates about the price action!
To be bullish - then we have to take down the minor trendline sine 04.07 and from there it's almost a clean road to the $0.4-$0.42! Above the $0.42 is the very strong resistance levels! If we break upwards then the road to the higher levels could be very-very hard!
Check the full crypto analysis - the link is on the profile!
Have a nice day!
Comment:
Bad sign for Ripple! It made a breakout below the minor up-trendline! Now the first stop would be around the round number area (green box). And all depends - what BTC does - if it finds a support from $6700-$6800 then definitely XRP bounce from mentioned level! So, be alerted because those level (BTC and XRP) matching pretty nicely with their distance to the entry point!
Comment:
Ripple (XRP) takes down the minor down-trendline!
If we take a look Ripple chart, then we could see that over the weekend we managed to break above the minor down-trendline since 04.07.2018 and currently we make pullback to retest the trendline. It could be mean that if the market starts to show us some potential to go higher then Ripple have a nice starting platform to do exactly the same!
Currently, on the four-hour chart, the price have found a support from 50 and 100 EMA's. The perfect scenario would be a retest the trendline and our climb will continue (because the textbook says - buy/sell breakouts after the retest) but we can start to climb higher only then when BTC finds the support because if BTC drops and the market cap drops then we could see again 'bloody' days on the market!
If we start to go higher then basically our next resistance is a round number $0.4!
We will keep You posted!
Hopefully, this helps you out a little bit to confirm your own analysis!
Have a nice day!
If we take a look Ripple chart, then we could see that over the weekend we managed to break above the minor down-trendline since 04.07.2018 and currently we make pullback to retest the trendline. It could be mean that if the market starts to show us some potential to go higher then Ripple have a nice starting platform to do exactly the same!
Currently, on the four-hour chart, the price have found a support from 50 and 100 EMA's. The perfect scenario would be a retest the trendline and our climb will continue (because the textbook says - buy/sell breakouts after the retest) but we can start to climb higher only then when BTC finds the support because if BTC drops and the market cap drops then we could see again 'bloody' days on the market!
If we start to go higher then basically our next resistance is a round number $0.4!
We will keep You posted!
Hopefully, this helps you out a little bit to confirm your own analysis!
Have a nice day!
All trading ideas every day on CryptoComes: u.today/pricewise
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!
