HelenP. I Ripple can bounce from trend line and start to decline
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Hi folks today I'm prepared for you Ripple analytics. Recently price traded inside the 0.6370 - 0.6210 resistance zone, which coincides with the 0.6210 resistance level. Later Ripple broke the 0.6210 level and made a strong impulse down to the trend line, thereby breaking the 0.5080 support level too. But at once price rebounded higher of support level, which coincided with the support zone, and started to trade near the 0.5080 level. A few time later price declined to the support level, which there time coincided with the trend line and rebounded. But some time ago Ripple broke the trend line and at the moment it trades below this line. For this reason, I think that the price can rise to the trend line and then start to fall to the support level. After the price reaches this level, Ripple can break it, make a retest, and then continue to decline. Therefore I set my target at 0.4700. If you like my analytics you may support me with your like/comment ❤️
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🚀If you want became part of my trading team, follow all my personal trades and start making big profits in trading welcome to my paid VIP signals group, write me ✏️ bit.ly/4grtzW3
❤️ Welcome to my free telegram channel 👉🏼 bit.ly/418mk0x
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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.