YinYangCrypto

RIPPLE - will it continue its downmove?

BITFINEX:XRPUSD   Ripple
I see a interesting chart in ripple right now, we had a strong bullish upmove. But as we all now, what pulls up strong CAN also reject strong and fast. So lets have a look on this chart.

I see a 0.618 rejection of the previous downswing, what normally occurs in zig zag corrections.

This could lead ripple to lower levels, dont be greedy rigfht now, we are still in a bear market, BTC hasnt confirmed some bullish upward moves yet. Other currencies are struggling.

Peace
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