ether appears to have its strongest uptrends starting roughly at full moon (dark) and going to new moon (white)... at least during bullish legs....
the blue channel is home for now. watch for a potential retrace if we hit the upper blue line (log scale chart so could be well over 300. 100 dma (pink line) offers support after that.
hard resistance at the red...
Will Ripple USD breakout off this bounce?
If we cant hold, look for support at the 50%, 62% and bottom of the black channel.. strong support around 10-18 cents
Maybe the new moon will end the downtrend
Ripple is forming a nice red pennant
A breakout to the upside will find ripple breaching lines 2 and 3 and the 23% fib retracement. Hard resistance at line 1
A breakdown through the bottom of the red pennant (also supported by the stegosaurus top formation) would immediately test the 100 day MA and 50% retracement.. hard support at line 8 and likely the 76%...
Ripple recently broke out of a triangle formation and breached through the 50 and 38% retracements along with long term support lines V and W.
We met resistance at diagonal line 0 and are currently building support at line W
I suspect we build some support between lines W, X and the 38% retracement, as we continue to test diagonal line 0 in zone 2
Ripple recently broke out above a blue pennant and its 100 day moving average (pink line),forming support at line U . If it manages to break up into zone 2 I think we see hard resistance at line 0. I've taken profit with ripple so personally Im holding and watching for other entries (perhaps in zones 4 and 5). The 100 day MA also moved above its previous high,...
