Ripple is close to a break above on this intra hour chart, hanging on to the SMA200. It seems price is gravitating towards the yet untraded pivot point at 2.0440. A breakout could well be the start of a next move up, especially if we see a strong break and close above the pivot point. If price breaks below the Cloud, chances are price will retest the current low by S1 at 1.6140. In a fast market, these low timeframe charts can be very useful to time entries och exits. The usefullness of a timeframe can often be seen in how price respects the Cloud. Here price has tested the Cloud from below several times before entering it, and once inside, it has tested both the upper and lower band. Early hints are crucial in fast markets.
Komen
⋅
Ripple having problem to breakout. A close below 1.8340 is unwelcomed for Bulls jumping to get in.
what will be the further course of action for this.
Sonace
⋅
I agree with the proper not having happened yet. I'll be closely monitoring this. Will decide to jump in after break-out or wait until it's finished it's correction.