Ripple is forming another continuation wedge like the one we saw last time. However, this one is trickier because the wedge is in this resistance zone and right below the $1 mark which is more psychological than anything. the last wedge we had a good 20 cent gap before we hit any type of resistance. If we put a buy stop above this wedge we only have a few cents before it hits that $1 mark. If you believe it's just going to blow through $1, then a buy stop just above is the right call. But this first resistance zone has really held up. I would want to see it crack a $1 before I trade a break. Your call how you play it.
smash that like button if that helps.
Happy Trading,
-Sherem
smash that like button if that helps.
Happy Trading,
-Sherem
Comment:
My original ripple calls -
Comment:
Now you know why I said to be cautious and take half of your profits.