Ripple can continue to decline and drop to support line of wedge
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Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price after the fake breakout of the resistance zone 0.5370-0.5485 began to decline and reached the support level 0.4875. After trying to break through the support level, the price began to rise and tested the resistance zone several times, bounce back and began to fall. After a small upward correction, Ripple continued to decline and broke through the level 0.4875. Over time, the price has created a downward wedge and is now traded in the within of it. After retesting the resistance level, Ripple continued downward movement and, after a small correction, to fall and broke through the support level 0.4330. The price dropped to the support line of wedge, from which it bounced and increased. The price is now trading close to the current resistance level and could rise and test it. I think that after a possible retest resistance level, Ripple can continue to fall. So the target I decided to set at level 0.4085, which coincide with the support line of wedge. Please share this idea with your friends and click Boost 🚀
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.