Path to breaking $1.00
First ripple post of hopefully many to come.
Been watching Ripple for the past two weeks or so, unfortunately I was late to the party and missed the big jump a week ago. I like to watch the market for a while before jumping into a new coin. I was able to get back in at $0.695 as I saw the symmetric triangle forming.
For those of you who aren't in, we have well past broken through the trend lines (red dotted). I believe we will see a steady growth to the previous highs of ~$.85-$.90 before seeing some resistance. At that moment we will have to see if the market rejects the momentum and a small Cup & Handle starts to form. Although this is possible, I am expecting the growth to break through the $.90 resistance partly due to all the recent news such as the potential coinbase addition. We've a majority of the price increase well with only small (expected) corrections along the way
I'm looking for final targets around $1.02-$1.08.
** Comments and Critiques always welcome, especially contrasting ideas.
** @CAG_CryptoTA
Been watching Ripple for the past two weeks or so, unfortunately I was late to the party and missed the big jump a week ago. I like to watch the market for a while before jumping into a new coin. I was able to get back in at $0.695 as I saw the symmetric triangle forming.
For those of you who aren't in, we have well past broken through the trend lines (red dotted). I believe we will see a steady growth to the previous highs of ~$.85-$.90 before seeing some resistance. At that moment we will have to see if the market rejects the momentum and a small Cup & Handle starts to form. Although this is possible, I am expecting the growth to break through the $.90 resistance partly due to all the recent news such as the potential coinbase addition. We've a majority of the price increase well with only small (expected) corrections along the way
I'm looking for final targets around $1.02-$1.08.
** Comments and Critiques always welcome, especially contrasting ideas.
** @CAG_CryptoTA
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