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The bottom is reached

It looks like that Ripple has finished its ABCDE correction and is breaking long-term declining channel. First short-term target would be somewhere at 1.8$. If Ripple continues surging it will probably face some resistance somewhere around 2-2.30$. On a long-term Ripple might have resistance at 2.8$
If Ripple continues to surge as fast as it's surging now it could reach 1.8$ by the end of 18 Jan.
However, almost all major cryptos are following each other.

This is not financial advice.

Feedback and comments are greatly appreciated.

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I will continue to update this if we get at least 5 likes.

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25 likes :O This is crazy, thank you! I will absolutely keep updating this!

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ripple looks good, we might reach T1 in 12 hours. Remember that any bad news from South Korea or China can reverse the direction.

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Still looking good, ripple is surging steadily and just bounced back from ~1.5 which is also 0.236 level at Fibonacci

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We could reach 2$ in ~5 hours if surging stays stable.

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Surging has slowed down so we might experience a dip.

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Here is a little bit more information. 4 hour MACD is still open but 2 hour MACD is closing soon and giving us a sell signal. 4 hour RSI doesn't give us overbought signal which is also a good thing. On the other hand in a 15 minutes chart, there is forming a triangle which I will post here soon. If you are planning to buy Ripple I would wait and see if it breaks 1.75$ and buy then. Remember that EVERY trade is your OWN DECISION!

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Everything is looking good, 2 and 4hour MACD is still open and they haven't give us sell signal. Ripple will trade in the triangle approximately 5-8 hours and will likely break up. In my opinion, there are few possibilities to buy at 1.52$ but setting stop loss isn't a bad idea.

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It looks like Ripple is breaking up the triangle now, I will update this soon.

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We still don't have certain confirmation about breaking triangle.

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It's confirmed now, Ripple has broken the triangle

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Okay, so Ripple has started to fall again and might test trendline where it should bounce off.

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On a short-term ripple is likely going to fall to 1.48$

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No breaking news, Ripple is struggling between 1.7 and 1.48$

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I think Ripple is going to test long-term trend line as a support. See the chart which I posted on 19 Jan.

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There are 3 possible ways for Ripple now. The red arrow is showing the worst one if we break the major support at 0.7$ then Ripple is likely going to go towards 0.55$.
The second option is double bottom and the third one is triple bottom

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This may also affect and is probably caused the drop.

economictimes.indiatimes.com/industry/banking/finance/banking/top-banks-suspend-accounts-of-major-bitcoin-exchanges-in-india/articleshow/62576882.cms

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If we draw descending trend channel a little bit differently then Ripple is still in the channel.

İşlem aktif

The stop is at 0.72$

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FINALLY Ripple has broken the downtrend channel. Still, I would wait and see what happens. I will update this soon if something crucial happens.

İşlem elle kapatılmış

Thank you very much for the support :) I think it's a good time to close this now. In my opinion, we are not going to reach 1.8$ very soon.

Samppa290

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

Samppa290