Major resistance – 0.7450 (200- day MA).
Ripple hits high of 0.72500 on Mar 19th 2018 and shown a good decline of almost more than 30% from that level. The pair declined till 0.4514 and once gain recovered 40%. The pair formed almost a double bottom at 0.4500 and nay further weakness only below that level. It has broken the high of 0.72512 and jumped till 0.7400 and is currently trading around 0.71530.
Any break above 0.7450 (200- day MA) confirms minor bullishness, a jump till 0.8000/0.84624 (50% fib)/0.900/$1. Short term bullishness only above 1.08600 level.
The near term support is around 0.650 and any break below will drag the pair down till targets 0.5660 (61.8% fibo)/0.500/0.4500.
It is good to buy on dips around 0.7000 with SL around 0.6300 for the TP of 0.800/1.
Ripple hits high of 0.72500 on Mar 19th 2018 and shown a good decline of almost more than 30% from that level. The pair declined till 0.4514 and once gain recovered 40%. The pair formed almost a double bottom at 0.4500 and nay further weakness only below that level. It has broken the high of 0.72512 and jumped till 0.7400 and is currently trading around 0.71530.
Any break above 0.7450 (200- day MA) confirms minor bullishness, a jump till 0.8000/0.84624 (50% fib)/0.900/$1. Short term bullishness only above 1.08600 level.
The near term support is around 0.650 and any break below will drag the pair down till targets 0.5660 (61.8% fibo)/0.500/0.4500.
It is good to buy on dips around 0.7000 with SL around 0.6300 for the TP of 0.800/1.
Commentaire:
Target 1 achieved @ 0.8000. Marching towards next target at $1
Commentaire:
Ripple continuing its bullish trend and confirm target of $1 is possible
