Ripple. Fading away fluctuations + risk aversion = drop
Ripple set a local peak of around $ 1.
And this peak is lower than the previous one in February. Low moving average clearly worked as a resistance. And now it is turning round and is going down for the first time in months.
For now, the rate is fixed at $ 0,66 and has been stabilizing.
In general, we see fading away fluctuations after the rise to $ 3,5 and after further collapse to $ 0,5. Moreover, fading away has a downward trend.
If we also pay attention to a widespread escape from the risks in financial markets, a further decline is most likely to happen, with the prospect of entering the long-term support level of about $ 0.25.
The idea doesn’t work if there is a rise and consolidation over $ 1.
Wish you profitable deals!
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And this peak is lower than the previous one in February. Low moving average clearly worked as a resistance. And now it is turning round and is going down for the first time in months.
For now, the rate is fixed at $ 0,66 and has been stabilizing.
In general, we see fading away fluctuations after the rise to $ 3,5 and after further collapse to $ 0,5. Moreover, fading away has a downward trend.
If we also pay attention to a widespread escape from the risks in financial markets, a further decline is most likely to happen, with the prospect of entering the long-term support level of about $ 0.25.
The idea doesn’t work if there is a rise and consolidation over $ 1.
Wish you profitable deals!
Follow our reviews!
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