Update on my previous ripple head and shoulders post. Still following a downtrend after it broke the neckline.
It will keep following this downtrend until it hits a major support around the 0.00006800 level. Two things can happen from here - 1) it will break through the support and continue downwards to support around 0.00003800 or it will have a strong bounce and start a new uptrend.
My money is on the latter pending any FUD around ripple. Until it hits this target I am short on ripple.
Happy trading,
D
It will keep following this downtrend until it hits a major support around the 0.00006800 level. Two things can happen from here - 1) it will break through the support and continue downwards to support around 0.00003800 or it will have a strong bounce and start a new uptrend.
My money is on the latter pending any FUD around ripple. Until it hits this target I am short on ripple.
Happy trading,
D
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