BitCoin is crashing, and the world's going to hell...all the new excitement is in ripple!
No seriously, ripple broke out a few days ago and I've been watching for a retracement to catch another move higher. This might just be it. We saw a lot of trading around the 1.80-1.90 and now a strong reaction from going lower off a support level.
Might take a while to unfold, but I'd go long here and try to catch the next wave.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
No seriously, ripple broke out a few days ago and I've been watching for a retracement to catch another move higher. This might just be it. We saw a lot of trading around the 1.80-1.90 and now a strong reaction from going lower off a support level.
Might take a while to unfold, but I'd go long here and try to catch the next wave.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
Comment:
Took a few days longer than expected, but Ripple blasted through our target of 2.60 right for the 3.00 big figure. Now at the 200% FIB and will wait to see if the trend wants to continue.
