After a very long descend from its ATH to last low at 0.57$ the coin recovered and climbed back up to the downwards fib retracement 78.6% (1.15$). This resistance is also a swing trend line coming from the upwards trend and is quite strong.
Ripple didn´t manage to cross it up and to stay above.
Meanwhile the RSI has turned and broke the ascending trend to lower limits. MACD hasn´t shown much momentum till now and is lowering as well.
Actually the coin is at the tip of an ascending triangle but with more probability to fall under the lower limit than to break through the upper limit.
Also the volume is lacking for more momentum.
buy: if it crosses the resistance and stays above, then the next aim would be 1.40$
stop: in the case the triangle will be broken downwards, then one has to await if the supports hold or not
conclusion: no (new) investment now
Ripple didn´t manage to cross it up and to stay above.
Meanwhile the RSI has turned and broke the ascending trend to lower limits. MACD hasn´t shown much momentum till now and is lowering as well.
Actually the coin is at the tip of an ascending triangle but with more probability to fall under the lower limit than to break through the upper limit.
Also the volume is lacking for more momentum.
buy: if it crosses the resistance and stays above, then the next aim would be 1.40$
stop: in the case the triangle will be broken downwards, then one has to await if the supports hold or not
conclusion: no (new) investment now