Ripple Found A Bottom?

By Oligon | structure_trading | 24 Aug 2019

$0.04 tipped


As Ripple continues to drop, finally price seems to be printing a wider and more balanced corrective structure, which might just be a pause to resume the impulsive move down, however there are clear signs of bulls stepping in, for example look at the massive spike that took price from $0.23 to $0.25 (almost a 9% increase in less than 4 hours of price action) and the strong level of support that formed afterwards at that price level.

 

Those two things are signaling that Ripple is getting more and more bulls presence and that we might just found the bottom. At this point, I expect price to bounce and rally impulsively towards the $0.29 resistance level and even further to the resistance at $0.30.

 

Let me know what you think in the comments below and thank you for reading!



structure_trading
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