Lucky Ripple or Boring Ripple
following to my previous post:
Ripple was downward trough its downward weekly channel Before recent Bitcoin fall.
Bitcoin fall affected the Ripple downward speed, But whereas the Ripple was in the middle of its weekly channel , it causes to reach bottom of the channel sooner.
however we had a shadow bellow the weekly channel but in the next days we had a respond to its monthly trend line.
Now Ripple is ranged in a semi strong support level :
1- if it pass below this support zone, it is a high possibility to fall to lower support line (0.5 $ ~ 0.6 $)
2- if it pass above this support zone with the help of monthly trend line , it will channelize in the middle of its weekly channel ( 0.85 $ ~ 1 $)
*
*
3- in a larger scale Ripple is still in a mild downward weekly channel , however a bullish rally in Bitcoin could help Ripple to achieve top of this channel (1.15 ~1.2 $).
following to my previous post:
Ripple was downward trough its downward weekly channel Before recent Bitcoin fall.
Bitcoin fall affected the Ripple downward speed, But whereas the Ripple was in the middle of its weekly channel , it causes to reach bottom of the channel sooner.
however we had a shadow bellow the weekly channel but in the next days we had a respond to its monthly trend line.
Now Ripple is ranged in a semi strong support level :
1- if it pass below this support zone, it is a high possibility to fall to lower support line (0.5 $ ~ 0.6 $)
2- if it pass above this support zone with the help of monthly trend line , it will channelize in the middle of its weekly channel ( 0.85 $ ~ 1 $)
*
*
3- in a larger scale Ripple is still in a mild downward weekly channel , however a bullish rally in Bitcoin could help Ripple to achieve top of this channel (1.15 ~1.2 $).
