HelenP. I Ripple trades in channel and may fall to support

Hi folks today I'm prepared for you RIPPLE analytics. In the middle of last month, the price rebounded from the level of 0.5470 and started a local downtrend. Subsequently, the level of 0.4870 was broken and for some time Ripple traded below the current resistance. The price made an upward correction, re-tested the current resistance and continued the local downtrend. Having reached the level of 0.4120, Ripple completed the local downtrend and began to grow. Over a long period, was formed an upward channel, in which the price is still traded. Continuing the upward local trend, Ripple broke through the level of 0.4870, continued to grow and tried to break through the resistance of the channel. The price could not be fixed above the resistance of the channel and decreased. After the downward correction, Ripple continued to rise, reached resistance at level 0.5470, which corresponds to the resistance of the channel, tested it and began to fall. Recently, the price rebounded from the support of channel and went up. It seems to me that Ripple has made an upward correction and may continue to decline for now. The price may achieve support of channel, so the goals will be set at level 0.5190 and at level 0.5055 which corresponds support of channel. If you like my analytics you may support me with your like/comment ❤️
Chart PatternsParallel ChannelrippleSupport and Resistance

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