Trade Alert
We have to wait here for a bit, before we make our next move.
Ripple is stuck between two important lines here, 0.3740 and the 0.2465.
If the crypto continues to drive lower and breaks below the 0.2465 zone, then there is a possibility for it to make its way towards the psychological 0.2000 barrier.
On the upside, a break above the 0.3740 level, could set the stage for a move towards the downside resistance line, taken from the peak of the high of the 10th of February.
For us to get comfortable with the longer-term upside scenario, we would need to see a close above the aforementioned downside line, where we could then target higher levels.
Always have your SL in place.
We have to wait here for a bit, before we make our next move.
Ripple is stuck between two important lines here, 0.3740 and the 0.2465.
If the crypto continues to drive lower and breaks below the 0.2465 zone, then there is a possibility for it to make its way towards the psychological 0.2000 barrier.
On the upside, a break above the 0.3740 level, could set the stage for a move towards the downside resistance line, taken from the peak of the high of the 10th of February.
For us to get comfortable with the longer-term upside scenario, we would need to see a close above the aforementioned downside line, where we could then target higher levels.
Always have your SL in place.