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YMGroup
Nov 25, 2022 11:35 AM

After fake breakout Ripple can bounce down Short

Ripple / Tether USWhiteBIT

Description

Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the Ripple chart.

After double bottom pattern price made upward impulse and made fake breakout of resistance level.

Now, Ripple trades below resistance level.

I expect that price can start decline to support line.

Therefore, I set up two target at $0.3900 and $0.3700 levels.

I expect this scenario.

This is my opinion, I really hope it will be useful for you.

Be prepared and save your money. Make big profits!
Comments
anyalove
Thanks, neat one
Solldy
Thank you for the detailed analysis of potential asset movements, it was very helpful. It’s very interesting to observe your reasoning on technical analysis.
YMGroup
Do not forget ask your questions here.
Williamforex
Nice setup keep doing hard work
IDCLIP
Like it!
UnknownUnicorn15614419
Thank you for sharing your view on the analysis of this asset. There are some doubts regarding the levels the price may hit, but in general I agree with you
Lingrid
Interesting work! What entry point will be preferable here?
TheSignalyst
I agree as it is approaching a resistance now
Tolberti
I think you are right about it!
DeGRAM
Well done mate, keep on doing the great work.
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