As predicted on the July 18, the #Ripple got rejected at the key resistance trend line and made a series of new short-term lows that placed the coin at the lowest levels since December 2017. Meanwhile, the #Ripple is still trading below the trend line but it now approaches it for another test after recording a positive day or two. The coin found buyers at the 78.6% Fibonacci support line and it rebounded, breaking the habit of creating short term lows. It is approaching the key resistance again and it is quite simply - a decision time. Another failure will most likely prompt another low while the break of the trend line should facilitate a higher move to the upside, as many bears have their stops placed above the trend line. IF you are looking to go long, wait for a break and close above the trend line before entering a trade with a stop below the trend line on a closing basis.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.