The 30 minute chart is showing some indication of a potential break out here. Let's see if the bulls will take advantage of this opportunity and start the move. We can see the 20 MA and the 50 MA just trying to move up through the 200.
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Probably just another fake. Th air gap lower to the trend line looks too big to ignore.
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Guys, my last chart on Ripple was a 30 minute chart and I can see now that I was off a bit so whenever I get a bit unsure of my close range projection I like to take a step back and trend the 50 MA against the 20 MA from a longer time frame. Here I have chosen the 4 hr 0.35% chart and placed a trend line more or less on the vector of the 50 MA. You can see that in the last consolidation that the 20 was very happy to see the 50 again as I have indicated by the first green circle there. I'm thinking that we can expect a similar type of move here also.
The red circles just for interest are target strikes to some other moving averages potentially on other time frames... I'm just too cheap to upgrade my membership to be able to have more moving averages available to use in the tool box... lol.
The red circles just for interest are target strikes to some other moving averages potentially on other time frames... I'm just too cheap to upgrade my membership to be able to have more moving averages available to use in the tool box... lol.
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