Dear traders and followers,
the Ripple price moves within a descending wedge. Two possible price movements after breaks are drawn in the chart.
On the one hour chart a inverse head and shoulder pattern has been formed. If this pattern should be confirmed an upward movement is likely
The market must be observed after the break below 0.18 $. The market could also start a new upward movement from 0.1675 $ .
That's why we recommend to wait for a clear break of the wedge pattern.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
the Ripple price moves within a descending wedge. Two possible price movements after breaks are drawn in the chart.
On the one hour chart a inverse head and shoulder pattern has been formed. If this pattern should be confirmed an upward movement is likely
The market must be observed after the break below 0.18 $. The market could also start a new upward movement from 0.1675 $ .
That's why we recommend to wait for a clear break of the wedge pattern.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Comment:
view on one hour chart
Comment:
Market still doesnt closed under the drawn support area - idea still valid
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
