Simple Ripple

This 4-hour chart shows that the 200EMA is acting as resistance.
1) Primary resistance is 200EMA
2) Secondary resistance is .618 FIB
3) Support is structure at .94
4) While we are down, the channel is broken
5) Consolidation trading plans should be considered by traders
6) HODL for the Noobs
7) Major resistance on the way up at .5 and .382 is expected.

Simple is best!

评论:

The key value to watch is 1.155 with a candle close above that level. If it goes to that level then set stop loss at 1.13. A 1.155 will be above the 50EMA and send signal to run. Run should extend to 1.27-1.30

If this above 1.27 expect another 8-10 cent gain.

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