CapMoore

Ripple Slides Further. Important Support At $0.50 !!

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
Price has invalidated the Hammer and is breaking lower. There is a
confluence support level around 0.5 which may give some relief,
but Bulls would like to see a move, as shown with the green arrow
in the chart. If 0.5 breaks down, look for intermediate support
at 0.4 and then 0.2 looks to be the next solid support level .
It is looking bleak for the pair, as with many others, as the total
market cap keeps falling. But we are reaching levels, were long
term bigger holders will see it as a good opportunity to step in,
investors with a few years of investment horizone. It can shift
quickly. Some bullish divergence by the Daily S1 currently at 0.6.
A bounce is likely to be sold off.

Support:
0. 5-0 .52 Yearly S1/Weekly S1/
Daily S2/Daily SMA200
0.4 S/R level Daily S3
0.2 Monthly S1/Weekly S2


Resistance:
0.65 S/R level
0.88 S/R level
if this goes on like this, i'd say ... fuck me
+1 Reply
@Jakama, lol but, it cant keep going like this...
Reply
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