Ripple looks to have found its resistance at 6877 and is performing a falling wedge pattern.
If it breaks the falling wedge its the first good sign for the beginning of bullish confirmation. A further signal can be seen at 9542 where resistance is broken at the 0.382 Fibonacci retracement line.
If 9542 is broken my target will be at 13704, giving a 44% profit margin.
Note: This publication is for education only and not my advice to buy or sell. It is recommended you conduct your own analysis before placing a trade.
P.S. Please comment and provide feedback!
All the best.
If it breaks the falling wedge its the first good sign for the beginning of bullish confirmation. A further signal can be seen at 9542 where resistance is broken at the 0.382 Fibonacci retracement line.
If 9542 is broken my target will be at 13704, giving a 44% profit margin.
Note: This publication is for education only and not my advice to buy or sell. It is recommended you conduct your own analysis before placing a trade.
P.S. Please comment and provide feedback!
All the best.