Summary:
Ripple has been making higher highs since yesterday and as i posted yesterday price has reached a major resistance zone at 9450 level
Previous Post : Ripple : really on the move?
Price has moved extactly as it was expected since yesterday
Pattern:
This price action can form an inverted H&S with neckline at resistance zone 9450ish level. we would see a potential right shoulder forming in next couple of days
Right shoulder can go as deep as 38 to 50% fib which give us a range of 8800-8500is level before it bounces back up.
Pattern Target:
This pattern gives us a target of 11000ish zone which could be middle of Impulse Wave 3. MACD is also in line with this pattern, Volume needs to continue to flow in. Exciting times ahead for ripple possible.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
