aboveandphom

Ripple Daily Dose 3/27/19 | Bullish reversal not quite yet

BITFINEX:XRPUSD   瑞波幣
Ripple has not yet broken out of the macro triangle yet so technically it wouldn’t be smart to long here. At the same time, it is going through a small retracement right now, but when it does pump, we might meet more resistance at $.31700. I’ve highlighted in my chart 2 supple zones to indicate where a possible retracement of this move up would happen. This is in line with a long-term EMA and upper part trend line in this triangle. Also, there is a 38.2% Fib line at $.31800 so there’s even more resistance there. We still have some ways to go before we have reversed the down trend so I would not market order in right now, long or short
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