- RIPPLE LOOKING TO STAY ABOVE $2.00
- BROKE ABOVE TOP RESISTANCE LINE AND MOVING SIDEWAYS
After a turbulent period Ripple is looking for support above $2.00 after finishing the ABC correction. Currently on it's 3rd 4h candle above the .5 fib level of $2.00, Ripple's DMI looks to be reaching a lower price action period. That upward trend line though will reach the .5 fib level of $2.00 around 20th Jan, 6 or 7 days from now.
I'm long in the position though those looking to enter I'd enter cautiously. I'd rather wait confirm $2.00 support before deciding on price direction. Looking at the last 20 cent to 80 cent surge, it took almost a week before any further interesting price action took place.
And now for the disclaimer!
** This information is for educational purposes only and not intended for advice on trading **
- BROKE ABOVE TOP RESISTANCE LINE AND MOVING SIDEWAYS
After a turbulent period Ripple is looking for support above $2.00 after finishing the ABC correction. Currently on it's 3rd 4h candle above the .5 fib level of $2.00, Ripple's DMI looks to be reaching a lower price action period. That upward trend line though will reach the .5 fib level of $2.00 around 20th Jan, 6 or 7 days from now.
I'm long in the position though those looking to enter I'd enter cautiously. I'd rather wait confirm $2.00 support before deciding on price direction. Looking at the last 20 cent to 80 cent surge, it took almost a week before any further interesting price action took place.
And now for the disclaimer!
** This information is for educational purposes only and not intended for advice on trading **
Comment:
Ripple fails to breakout and is now following the top of it's previous top trend line:
Next stop: $1.68