As indicated on the chart ripple bounced perfectly off the trendline . It showed great volume, meaning that it is likely it will go further up.
When the triangle breaks i expect an upward movement. (it can break to the downwards side so be aware, allthough i think it is unlikely)
It should be said that every alt coin is depended on BTC 0.94% movement. BTC 0.94% is having a great bullish volume right now, indicating that alt coins are about to follow.
I believe the first target should be around .9000 - .9100. Which is a huge resistance level.
I set the stop loss to be below abit below the trendline , so if the trendline breaks, we would see XRP continuing the downtrend.
I will keep updating the chart, so stay posted
May the charts be with you
- luke
When the triangle breaks i expect an upward movement. (it can break to the downwards side so be aware, allthough i think it is unlikely)
It should be said that every alt coin is depended on BTC 0.94% movement. BTC 0.94% is having a great bullish volume right now, indicating that alt coins are about to follow.
I believe the first target should be around .9000 - .9100. Which is a huge resistance level.
I set the stop loss to be below abit below the trendline , so if the trendline breaks, we would see XRP continuing the downtrend.
I will keep updating the chart, so stay posted
May the charts be with you
- luke