Welcome to the new idea of ripple in which we will discuss the future of ripple.
Future seems clear it will go to new highs soon.
Currently it is in the symmetrical triangle and we are seeing the breakout soon.
If you want to do scalp trading inside the symmetrical triangle then
Buy : 1.35-1.45
Sell : 1.55-60
If you want to hold for long term then...
If you want to do trade in the symmetrical triangle then use your stop losses because it can break it downward and manage your risks.
If the breakout is done on upper side we can see nice entry for long
If btc breakers the resistance of 59000 then we will see its movement upward towards 62000+.
If bears maintains selling them we can see it's movement backward towards 55000 and pullback can occur from there, 53000 and pull back or even more lower than that.
It is a simple idea but wants to share with the community.
Btc pulled back from the major support and 0.786 fib now we have the above 59000 resistance but i think it will be broken now as bears haven't maintained their selling at major support. Looking forwards for btc towards 62000 and above than that