Bullish break out

31 Mei 2018

Ripple found support on the Horizontal ray from the March 18th Lower Low and based on that support made a break out on the current 1D Channel Down (RSI = 42.664 on neutral CCI = -46.1905, Highs/Lows = 0.000). With 4H picking up on bullish pace (STOCH = 71.541, B/BP = 0.0120), we can expect 0.65154 until Friday. Since the 1W support is located just below = 0.46014, it's worth strategically to add long positions (on each of those two supports) for a medium term TP = 0.70894.