Since its meteoric rise during the week, Ripple has moved into a consolidation period. Those looking for a continuation of the prevailing uptrend should be waiting for a breakout to the upside and a follow-through move to $1.00 a Ripple over the next week.
A breakout trade could be used with a pending buy stop order placed at 0.7890, stop loss at 0.6950, and target of $1.00. Alternatively, you could shoot for a $1.50 or $2.00 target over the next 3 months.
Good trading all,
Luke
A breakout trade could be used with a pending buy stop order placed at 0.7890, stop loss at 0.6950, and target of $1.00. Alternatively, you could shoot for a $1.50 or $2.00 target over the next 3 months.
Good trading all,
Luke