Rip About to Take a Dip?
It looks to me like Ripple is about to head back down under ~$0.74 pretty soon. It is getting squeezed by both overhead resistance and support beneath. Based on the fact we are in a bear market it is more likely to head down than up. If it does break the support it will likely retest the previous low of ~$0.54. I really hope I'm wrong.
Note
It looks like I was correct about XRP breaking through the ascending channel. It appears to have bounced at $0.64 for now but there isn't a ton of volume behind. At present (March 14 7:30 pm) XRP appears to be stalled trying to get back over the $0.70 mark. It hesitated a bit at this psychological barrier on the way down as well. Personally, I'm going to wait and see how this develops. I think it's a terrible idea to try to catch the falling knife.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.