Currently, Ripple' makes a breakout from the bullish pattern called "Inverted Head & Shoulders" If we can break the neckline $0.285 then our next resistance would be the round number at $0.3. Over the weekend Ripple' breaks above the trendline, which is pulled from the 04.07. It got a bounce after we touched the trendline let's call this a retest. The retest bounce is supported by chart pattern what we mentioned above and currently looks very promising. It trades above the 50EMA and now over the 100EMA, it's a very positive sign considering the current market situation where we can see a selling pressure. We try to keep You posted!
Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
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Woww...and it's flying, all is happening very quickly! Now, we are already in the resistance area at $0.3 and 20 min to go to get a 4h candle close above the round number. If we get a close above the round number then it could be mean that we got another leg upwards!
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Let's see what the current market situation want's to offer us but if we manage to break through from the current area then we have almost 30% free movement upwards, no significant resistance levels before the next round number $0.4, only different timeframes EMA's! Please, don't forget to hit the LIKE button! Thank You for your support!
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It just flies upwards, now we are above the 200EMA!
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Bullish pattern "Ascending Triangle" so, be ready, if we break upwards we will see another pump upwards!
Trade closed: target reached
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Just a little bit late but perfect, our main target reached!!