Ripple - when breakout from wedge ?
Ripple is since December in down movement/correction which is regular correction time for bigger alt coins which ripple is. I see three possible breakouts in the next months. Before entering this trade a daily candle must close above the upper down trend line to confirm the setup. My personal opinion is that we will see the breakout in April after a fast down movement to shakeout margin long positions.
Indicators (RSI´s) showing soon a bigger up movement because stochastic and regular relative strength index are both near heavy over selled (stochastic is already over selled but this RSI has not that big influence on the daily chart like the regular RSI.
I will make an update with targets if this setup gets valid.
Indicators (RSI´s) showing soon a bigger up movement because stochastic and regular relative strength index are both near heavy over selled (stochastic is already over selled but this RSI has not that big influence on the daily chart like the regular RSI.
I will make an update with targets if this setup gets valid.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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