A small correction before the next leg up
Updated
Ripple has broken the downtrend and like other top altcoins is ready to continue surging, but needs to cool down first to be able to break the 2950-3000 sat resistance. RSI is also above 70 which shows sellers should step in and take the price down temporarily.
A small correction to 2865 sat or 2800 sat and touching the short-term trendline(s) is expected.
Once the the 3000 sat level is broken it will retest the historical resistance/support level of 4000 sat.
A small correction to 2865 sat or 2800 sat and touching the short-term trendline(s) is expected.
Once the the 3000 sat level is broken it will retest the historical resistance/support level of 4000 sat.
Note
It was pumped above the resistance and dumped back below 2950 sat. Will see if it was a bull trap or not.Note
Hit 2865 sat. Let's see if it goes as low as 2785-2800 sat (which also is the 50% fib retracement level) or not. If so, I think it's a good spot to open a long position. Not financial advice.
Note
Reached second target 2800 sat. Trade closed.
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