Hello fellas, Here it is I represent to you my view about Ripple.
Based on the technical analysis, I found an important pattern which forms a descending type of the triangle. But, once again I remind you that even the descending triangle which usually indicate a bearish pressure, it has a potential to make it a failure too. However, I only see that currently the price for ripple has already trended in the APEX of this huge triangle on weekly chart. These are the 2 scenarios :
1. Break out of the resistance trend line : will lead the price to $0.47 or even $0.87 in mid term
2. Break down of the support line : will lead the price to form new low in 2019 around $0.14
Thank you
Based on the technical analysis, I found an important pattern which forms a descending type of the triangle. But, once again I remind you that even the descending triangle which usually indicate a bearish pressure, it has a potential to make it a failure too. However, I only see that currently the price for ripple has already trended in the APEX of this huge triangle on weekly chart. These are the 2 scenarios :
1. Break out of the resistance trend line : will lead the price to $0.47 or even $0.87 in mid term
2. Break down of the support line : will lead the price to form new low in 2019 around $0.14
Thank you