I had to bail when this lifted quick to 1.36.
I drew in red what i believe the next resistance lines are. We've tested and recovered, but none the less the resistance was punctured. I'll be keeping a close eye on Ripple at these resistance levels, but i want to see volume before i buy anything. why??? look at that next lower support. Looks like today will be a dead cat bounce in very dangerous territory. All of that, and thats why I'm out
this analysis was done based upon confluence of fib. retracement.
I'm not offering you any advice I am only voicing my opinion.
I drew in red what i believe the next resistance lines are. We've tested and recovered, but none the less the resistance was punctured. I'll be keeping a close eye on Ripple at these resistance levels, but i want to see volume before i buy anything. why??? look at that next lower support. Looks like today will be a dead cat bounce in very dangerous territory. All of that, and thats why I'm out
this analysis was done based upon confluence of fib. retracement.
I'm not offering you any advice I am only voicing my opinion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.