BITSTAMP:XRPUSD   Ripple幣 / 美元
508 4
So the market has bounced back after a big fall, Ripple has been struggling to break the blue resistance whole day long and has now followed the trend down the last couple of hours.
If it continues down we can see a double bottom or a new low, if not and it breaks the blue resistance line then we are probably back in the bull market.
評論: The idea of a double bottom or lower still stands as XRP is not moving anywhere and some movement to the top side is real low.
評論: So the trend seems to continue as predicted, if there is now good news that comes out we can see a downward trend continue.
評論: Keeping this idea short aiming for the 90c level.
This is not valid trendline... Trendline was broke, now we are undecided. We are waiting who win, bulls or bears :) But we had nice bull run, so we are looking for a little consolidation... And I expect nice bull run again for longer term.
Yo_Mama_Trades Yo_Mama_Trades
@Yo_Mama_Trades, *downtrend was broke
Withaai Yo_Mama_Trades
@Yo_Mama_Trades, Thanks for your input.
update the 30 min chart and have a look at the resistance Trend line from ATH.. It never breached it it simply went down from it.. It is a strong resistance and may require another try... or else as you stated down we go!
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