CONFIRMED: RIPPLE will go even lower - 78,6 % retracement level!

D4 with an quick update on Ripple. 15min XRPUSD Chart.

The bears will probably win one more time! EMA50 as huge resistance, and EMA200 on 5min chart right above our head. Ascending wedge on the pattern and RSI. Bear flag.

It seems like it's just a matter of time, before the bulls must give up. It would be a big surprise if the bulls manage to win this battle!

OUT
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On the smaller time frames 5 min, it seems more and more like its becoming an ascending triangle. The bulls are at this very moment trying to penetrate the triangle and EMA200.

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Guys, for the people out there who are short! U might consider closing your position soon. We are in a descending wedge, and therefore we might soon see a break out.

Just monitor your chart closely, ok?

D4 loves u <3

Trade stängt: målet nått:

EASY! We just hit our target. We did it! Congrats guys :)

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Goodbye 78,6 % Retracement Zone!!