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We are still moving in this channel but it's possible that we have not seen the rest of the downside. I think there is a possibility that IF we break downward and close below the 50 day that we will retest the 100 day moving average, shown in blue. At that point we will see how the price holds at that level and reevaluate.
If we see the price continue bounce...
Well we are at another critical point here. Very steady decline since we reached the high and we are still looking for support. I think we have one more chance to find support before the bottom really falls out here, and we have to be ready for this to happen. The long term trend line and the next major support line both converge at around $2.00. I'll be...
I think ripple is coming up on a decision point here. Looking for a break upwards once toward 3 when we finally get past 2.8 resistance. If it fails we could fall back down to the 2.6's until we hit support.
A price tumble here may lead to a bigger selloff though. Many people are seeing a similar pattern to the previous run up and are hoping/expecting the...