Ripple forming another continuation wedge, but use caution!!

24 Nis 2018

Ripple is forming another continuation wedge like the one we saw last time. However, this one is trickier because the wedge is in this resistance zone and right below the $1 mark which is more psychological than anything. the last wedge we had a good 20 cent gap before we hit any type of resistance. If we put a buy stop above this wedge we only have a few cents before it hits that $1 mark. If you believe it's just going to blow through $1, then a buy stop just above is the right call. But this first resistance zone has really held up. I would want to see it crack a $1 before I trade a break. Your call how you play it.

smash that like button if that helps.

Happy Trading,
-Sherem

24 Nis 2018

Not

My original ripple calls -

25 Nis 2018

Not

Now you know why I said to be cautious and take half of your profits.