Ripple(USD): be careful

Nov 15, 2018

Green buy zone is strong and is where you should aim to go long at (.25 to .30). The blue historical support/resistance is also holding strong as well with no signs of weakening, and with the way the price is going now if it keeps increasing at the same rate it the price will likely coil up forming a rising wedge and fall back down to support. The first orange line is a weak support and the second one is a speculative one to account for the wick that penetrated the first one. Or alternatively if the orange lines don't hold but the green one does then we possibly might see a broadening formation pattern.