Long

The bottom is reached

Updated

It looks like that Ripple has finished its ABCDE correction and is breaking long-term declining channel. First short-term target would be somewhere at 1.8$. If Ripple continues surging it will probably face some resistance somewhere around 2-2.30$. On a long-term Ripple might have resistance at 2.8$
If Ripple continues to surge as fast as it's surging now it could reach 1.8$ by the end of 18 Jan.
However, almost all major cryptos are following each other.

This is not financial advice.

Feedback and comments are greatly appreciated.

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I will continue to update this if we get at least 5 likes.

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25 likes :O This is crazy, thank you! I will absolutely keep updating this!

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ripple looks good, we might reach T1 in 12 hours. Remember that any bad news from South Korea or China can reverse the direction.

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Still looking good, ripple is surging steadily and just bounced back from ~1.5 which is also 0.236 level at Fibonacci

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We could reach 2$ in ~5 hours if surging stays stable.

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Surging has slowed down so we might experience a dip.

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Here is a little bit more information. 4 hour MACD is still open but 2 hour MACD is closing soon and giving us a sell signal. 4 hour RSI doesn't give us overbought signal which is also a good thing. On the other hand in a 15 minutes chart, there is forming a triangle which I will post here soon. If you are planning to buy Ripple I would wait and see if it breaks 1.75$ and buy then. Remember that EVERY trade is your OWN DECISION!

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Everything is looking good, 2 and 4hour MACD is still open and they haven't give us sell signal. Ripple will trade in the triangle approximately 5-8 hours and will likely break up. In my opinion, there are few possibilities to buy at 1.52$ but setting stop loss isn't a bad idea.

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It looks like Ripple is breaking up the triangle now, I will update this soon.

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We still don't have certain confirmation about breaking triangle.

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It's confirmed now, Ripple has broken the triangle

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Okay, so Ripple has started to fall again and might test trendline where it should bounce off.

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On a short-term ripple is likely going to fall to 1.48$

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No breaking news, Ripple is struggling between 1.7 and 1.48$

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I think Ripple is going to test long-term trend line as a support. See the chart which I posted on 19 Jan.

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There are 3 possible ways for Ripple now. The red arrow is showing the worst one if we break the major support at 0.7$ then Ripple is likely going to go towards 0.55$.
The second option is double bottom and the third one is triple bottom

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This may also affect and is probably caused the drop.

economictimes.indiatimes.com/industry/banking/finance/banking/top-banks-suspend-accounts-of-major-bitcoin-exchanges-in-india/articleshow/62576882.cms

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If we draw descending trend channel a little bit differently then Ripple is still in the channel.

Trade active

The stop is at 0.72$

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FINALLY Ripple has broken the downtrend channel. Still, I would wait and see what happens. I will update this soon if something crucial happens.

Trade closed manually

Thank you very much for the support :) I think it's a good time to close this now. In my opinion, we are not going to reach 1.8$ very soon.

Samppa290

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