Here's another coin I don't like, although I was there when my son showed me an algorithm that said ripple was going from 0.6 to over $3. It was right. I didn't believe my son ... my son reminds me of this often.
Anyhow, is it game over for ripple (the banker's coin)?
Let's look at the two previous recoveries ... it seems when we crossed either the blue or red trend line from the two previous peaks, we had a rally.
In this instance ... it's not reacting ... yet.
We have already crossed one of those two trend lines ... last one (blue) will be crossed if it holds at this level in less than 24 hours.
Now, we might not get an immediate rise, especially if BTC decides to catch a train south, but it should react within the next 3 to 7 days.
If it doesn't ... ouch.
Tonnes of support in the green box, but the range is WAY too wide (down to 0.15). We are testing yearly lows, and a break below that could send it down significantly.
Like BCH, if I were to play this coin, I'd wait for a confirmed bottom and pick up the ride going up!
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.
Anyhow, is it game over for ripple (the banker's coin)?
Let's look at the two previous recoveries ... it seems when we crossed either the blue or red trend line from the two previous peaks, we had a rally.
In this instance ... it's not reacting ... yet.
We have already crossed one of those two trend lines ... last one (blue) will be crossed if it holds at this level in less than 24 hours.
Now, we might not get an immediate rise, especially if BTC decides to catch a train south, but it should react within the next 3 to 7 days.
If it doesn't ... ouch.
Tonnes of support in the green box, but the range is WAY too wide (down to 0.15). We are testing yearly lows, and a break below that could send it down significantly.
Like BCH, if I were to play this coin, I'd wait for a confirmed bottom and pick up the ride going up!
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.