Ripple - Short Term - We look to Buy a break of 0.2608 (stop at 0.2538)
0.2600 continues to hold back the bears.
The RSI is trending higher.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 0.2608, which will confirm the bullish sentiment.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
A break of 0.2600 is needed to confirm follow through bullish momentum.
Bespoke resistance is located at 0.2900. Short term MACD has turned positive.
Our profit targets will be 0.2922 and 0.3038
Resistance: 0.2550 / 0.2600 / 0.2900
Support: 0.2400 / 0.2338 / 0.2300
0.2600 continues to hold back the bears.
The RSI is trending higher.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 0.2608, which will confirm the bullish sentiment.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
A break of 0.2600 is needed to confirm follow through bullish momentum.
Bespoke resistance is located at 0.2900. Short term MACD has turned positive.
Our profit targets will be 0.2922 and 0.3038
Resistance: 0.2550 / 0.2600 / 0.2900
Support: 0.2400 / 0.2338 / 0.2300
Comment:
Waiting for a fill..
