Ripple Resistance Breakout !
Ripple did not too bad in the last 2 days.
The buyers managed to push the price above the Resistance 1 line, which was a good sign for a trend continuation.
Having said this, the volume was not convincing for a strong breakout.
So we should keep our eyes on the Resistance 2 line; if the buyers fail to close above it, this will be a good short signal.
For those of us, who like less risk, a short opportunity will open up below the Resistance line 1, what acts now as additional support line.
The buyers managed to push the price above the Resistance 1 line, which was a good sign for a trend continuation.
Having said this, the volume was not convincing for a strong breakout.
So we should keep our eyes on the Resistance 2 line; if the buyers fail to close above it, this will be a good short signal.
For those of us, who like less risk, a short opportunity will open up below the Resistance line 1, what acts now as additional support line.
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