Bitcoin has cheated the whole market and the price has now corrected by 5%. As all altcoins correlate to bitcoin, most coins have fallen in price by 5 - 10%. Ripple has also corrected by more than 5%. The price is now near an important support zone.
But we do not see a good reaction and buying strength. If the price breaks this area, it is very likely that the next stop will be at 1$ and below. A good opportunity to sell would be after a squeeze, breakout, and retest of the marked area as resistance.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
But we do not see a good reaction and buying strength. If the price breaks this area, it is very likely that the next stop will be at 1$ and below. A good opportunity to sell would be after a squeeze, breakout, and retest of the marked area as resistance.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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