Interesting corrective pattern spotted here..
Resistances less severe with every trend line, and once broken, seeing lower highs every time and lower lows.
Every time the resistance trend line is broken, the price increases by a minimum of 120%.
Clear support levels at $0.25 and $0.15. Will we see ripple re-enter the pre consolidation prices in this range, making newer lows and then breaking out again. This seems like a possibility with such a bearish sentiment surrounding the Cryptosphere.
Target 1 - $0.25
Target 2 - $0.15
Rebound - $0.30++++
Resistances less severe with every trend line, and once broken, seeing lower highs every time and lower lows.
Every time the resistance trend line is broken, the price increases by a minimum of 120%.
Clear support levels at $0.25 and $0.15. Will we see ripple re-enter the pre consolidation prices in this range, making newer lows and then breaking out again. This seems like a possibility with such a bearish sentiment surrounding the Cryptosphere.
Target 1 - $0.25
Target 2 - $0.15
Rebound - $0.30++++
Commentaire:
We've hit the blue box at around $0.28, which is a good start, we've seen a decent reaction to over $0.30. Now we see how far up it can go, and whether this support will hold, or we break below into the $0.15-0.25 range again.