Ripple Update And Follow Up Of The Buy Opportunity

Ripple Update And Follow Up Of The Buy Opportunity

Hi Traders! We have Ripple update and follow up of the buy opportunity. On the previous post here I mentioned that the price is on a corrective phase and once this correction completes itself we can go long. We also had a good downtrend line that has formed and we can go long once the price breaks above it. Lets see how this setup has developed now.

Ripple H1 Chart :

On the H1 chart a new downtrend line has formed. The price has created a false break with  bullish divergence which we may consider as a confirmation of the bullish momentum. Also the price respected the good support zone and has managed to close above it. A break above 2.06 which will open the door for the bulls and we might see the price reaching the high at 3.2 again. Once we get a breakout above 2.06 we can start looking for buys.

Ripple Update And Follow Up Of The Buy Opportunity


Note: Until the last low at 1.56 is holding we are after buys.


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Vladimir Ribakov




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