Technical crypto analysis based on breakout – Wait for a buy from 0.4282


Wait for a buy from 0.4282

Technical Observation

Just as Ethereum, Ripple is below the two Simple Moving Averages 14,52 but is above the 4 hour support level 0.4282. The line 0.4282 is a key line and while it keeps the price above it, I expect a surge to the upper side with an ideal take profit at 0.9380. On its way upwards, the key lines to check for include $0.5235, $0.6715, $0.7900. If these lines are broken, then I’ll expect a surge towards $0.9380. As it is, I’m only interested in a buy on a bounce from $0.4282, but should the price break below it, then a rally to the lower side is expected.

Trade Signal.

Wait for a buy from 0.4282

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