Major support – 0.600 (61.8% fibo) The pair formed a minor bottom at 0.61 and started to jump sharply from that level. Ripple crossed major psychological level 1 and jumped till 1.2495. It is currently trading around 1.0…
The pair formed a minor bottom at 0.61 and started to jump sharply from that level. Ripple crossed major psychological level 1 and jumped till 1.2495. It is currently trading around 1.000.
Short term trend is bullish as long as support 0.60 holds. Any violation below 0.60 will drag the pair to next level till 0.4682 (50- day MA) /0.2700 (200- day EMA). The minor support is around 0.8450 (10- day MA).
The near term resistance is around 1.2500 and any break above will take the pair to next level till 1.60/2.00.
It is good to buy on dips around 0.8500 with SL around 0.600 for the TP of 1.25/1.60
