I'm not a die-hard Ripple enthusiast, but the chart looks reasonably bullish to me. The latest consolidation is reminiscent of the consolidation before the latest bull run in the spring of this year.
At least on smaller time-frames, the price is trying to establish a foothold above the kumo. Could it dip once again to trigger more stops? Absolutely.
Personally, I'm already in and intending to accumulate more.
I'm curious to see if the run-up to Swell will have further positive impact on the price.
At least on smaller time-frames, the price is trying to establish a foothold above the kumo. Could it dip once again to trigger more stops? Absolutely.
Personally, I'm already in and intending to accumulate more.
I'm curious to see if the run-up to Swell will have further positive impact on the price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.