Ripple Outlook
Updated
If the price can hold the uptrend support expect a strong move upward and use Fibonacci for Profit Taking Areas.
If the uptrend supports are broken open a short on Ripple Futures or Ripple and also use Fibonacci for Profit Taking Areas.
Possibly being way to overhyped / valued? Seems like a large portion of buyers are chasing the profit opportunity or new people that aren't putting fundamental knowledge in place.
If the uptrend supports are broken open a short on Ripple Futures or Ripple and also use Fibonacci for Profit Taking Areas.
Possibly being way to overhyped / valued? Seems like a large portion of buyers are chasing the profit opportunity or new people that aren't putting fundamental knowledge in place.
Trade active
Seems as if the Bounce has occurred but not a very strong one. We seem to still be below high swings Resistance so I would not expect a strong move upward just yet. I would possibly expect some consolidation in the swing resistance and uptrend support given that it is the weekend unless something else happens.Note
Another swing at the resistance awaiting breakout of red resistance would be good area to open a long trade. If a failed resistance happens near end would expect to fall to test next support. gn.
Note
Not a strong breakout of that swing resistance.
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