minyangshi9409

Await clear trading signal

Long
Ripple is suppressed by the down-trend line from 0.3300 and supported at 0.3210. Meanwhile, it's supported by the up-trend line from 0.3070 as well. What should be confirmed is the triangle is forming and a big trading chance is coming soon. It's likely to rise and test 0.3240 first, the 23.6% retracement of 0.3300 to 0.3070. Further rise should be seen to 0.3300, the completion of this rebound. Downside, though, break of 0.3195 it'll turn focus back to 0.3125 and 0.3070 next.

The target is 0.3300.
Turning point: 0.3195.
Above 0.3195, bullish , target price is 0.3240,then 0.3300.
Under 0.3195, bearish , target price is set at 0.3125, then 0.3070.

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