Ripple dropping strongly, watch for a pullback to resistance!

31 בינו׳ 2018

Ripple is dropping really strongly and we watch for the pullback to our 1st resistance level at 1.1508 (Fibonacci retracement, horizontal breakout resistance level) where it could serve as a possible re-entry level for price to react off and make a push down to 0.8729 support (Fibonacci extension, horizontal swing low support).

RSI (89) has made a bearish exit of our long term ascending support-turned-resistance line and also has broken below our 42% support opening a large downside move.

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