Ripple has broken out of the wedge we analyzed on Tuesdays Technical Analysis livestream by capturing liquidity at the 0.4 major quarter and then aggressively shifting down below 0.35
As of right now, we are on track to continue moving down towards 0.325 (the next quarter level) based on the price action and how the intraday candles are looking.
We can expect the possibility of seeing a test of the yearly lows prior to any further significant bullish movement.
Of course these trades DO take time to play out!
Always remember team... there is opportunity to trade the intraday movements but if you are looking at the bigger picture - be CAREFUL with any margin trades that are buying right now because there is no clear indication price will go up.
Investors also be mindful that you may have the ability to purchase at better prices than where we are right now by simply being patient
As of right now, we are on track to continue moving down towards 0.325 (the next quarter level) based on the price action and how the intraday candles are looking.
We can expect the possibility of seeing a test of the yearly lows prior to any further significant bullish movement.
Of course these trades DO take time to play out!
Always remember team... there is opportunity to trade the intraday movements but if you are looking at the bigger picture - be CAREFUL with any margin trades that are buying right now because there is no clear indication price will go up.
Investors also be mindful that you may have the ability to purchase at better prices than where we are right now by simply being patient