Ripple can continue to move up and reach seller zone
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Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price bounce off from the level 0.4330, rose and formed a seller zone, which it retested and started a downward movement. Over time, Ripple broke through the support level 0.4330 and continued to decline. Having made a fake breakout of the level 0.4115, the price formed a monthly low, bounce off and began to rise. After a retest of the level 0.4330, the price again dropped to the support level, but did not update the previous low, and continued to move up. Ripple made a small correction, continued to grow, broke through the resistance level 0.4330 and updated the previous high, and break of structure. Having formed an upward impulse, the price continued to rise, updated the next high and changed of character of the movement. Not so long ago, the price made a downward correction, traded imbalance (not traded area of the candle between the maximum of the previous and the minimum of the next candles) of the upward impulse and continued to rise. Now the price is trading below the previous high, but can continue the upward movement, update it and proof the upward structure. I think that the price can continue to rise and collect previously accumulated liquidity, so I decided to set the targets at level 0.4600 and at level 0.4800, which coincides with the seller zone. Please share this idea with your friends and click Boost 🚀
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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.