Yesterday was euphoric for many traders, which was swiftly followed by broken dreams.
A lot of traders got trapped and panicked as ripple moved below .27
I will argue that we simply made a new high with a higher low.
Until Ripple confidently breaks my trendline, i'm staying in my long position.
We'll likely see big news out of swell the next 48 hours which would help moving the market upwards.
Resistances as i see them .27, .3 and finally .33
Remember Ripple is known for explosive moves, and we could easily see a classic 1d ripple spike straight to .44 region.
A lot of traders got trapped and panicked as ripple moved below .27
I will argue that we simply made a new high with a higher low.
Until Ripple confidently breaks my trendline, i'm staying in my long position.
We'll likely see big news out of swell the next 48 hours which would help moving the market upwards.
Resistances as i see them .27, .3 and finally .33
Remember Ripple is known for explosive moves, and we could easily see a classic 1d ripple spike straight to .44 region.
Comment:
Trendline touch, this 4h close is crucial.