Ripple. Consolidation under $ 0.9 will result $0.25
On the way to the almost non-stopping fall of XRPUSD to the "platform" at $ 0.25 is the last support level at $ 0.65.
The rebound-consolidation that has begun will most likely be limited to $ 0.90 - that’s where the fast moving average of the daily chart is and that’s good place to open short positions. The maximum is the slow moving average (today it’s $ 1.16)
Every day, both averages are reducing more and more, "pressing" the rate lower and lower ...
Until the crossing of moving averages will give a buy signal, further decline is more likely.
And with a breakdown of $ 0.65, we are likely to have an equally dramatic collapse to $ 0.25, as the previous amazing growth from $ 0.25 to $ 0.9 within three days in December last year.
Sell.
The rebound-consolidation that has begun will most likely be limited to $ 0.90 - that’s where the fast moving average of the daily chart is and that’s good place to open short positions. The maximum is the slow moving average (today it’s $ 1.16)
Every day, both averages are reducing more and more, "pressing" the rate lower and lower ...
Until the crossing of moving averages will give a buy signal, further decline is more likely.
And with a breakdown of $ 0.65, we are likely to have an equally dramatic collapse to $ 0.25, as the previous amazing growth from $ 0.25 to $ 0.9 within three days in December last year.
Sell.
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