Looking at ripple I notice a symmetrical triangle formation with declining volume. Looking to bounce of the bottom trend line and hit our target (2), then proceeding to fall to our red target (3) and finally rising to our green target (3) before breaking out of the triangle and attempting to reach our target based off the price range from our green(1) to red(2).
Note
We dipped below our support line and then came back up. If we break this support line even more (bottom blue line) expect to go down. It is barley holding but lets see what happensNote
Still holding the line. Continue to watch the bottom supportOrder cancelled
Idea is now invalid... Followed bitcoinDisclaimer
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Disclaimer
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.