Trade Alert
As we can see, the crypto world got a boost yesterday, so we could expect this to continue at least a little bit more.
Ripple continues to trade below it medium term downside resistance line, taken from the peak of the 10th of February. But from the short-term perspective, Ripple could make its way a bit higher, especially if we see a break of the 0.2850 zone. The move above could open the path towards the next potential area of resistance at 0.3050, marked by the peak of the 6th of September.
On the downside, a drop below the 0.2670 area could interest more bears to join in and drive the crypto down towards the 0.2530 level, marked by the low of the 12th of September.
Always have your SL in place.
As we can see, the crypto world got a boost yesterday, so we could expect this to continue at least a little bit more.
Ripple continues to trade below it medium term downside resistance line, taken from the peak of the 10th of February. But from the short-term perspective, Ripple could make its way a bit higher, especially if we see a break of the 0.2850 zone. The move above could open the path towards the next potential area of resistance at 0.3050, marked by the peak of the 6th of September.
On the downside, a drop below the 0.2670 area could interest more bears to join in and drive the crypto down towards the 0.2530 level, marked by the low of the 12th of September.
Always have your SL in place.