<html> <p>Ripple is undergoing A BIG MOVES today. Currently, its trading at 11.3k Satoshi up almost 30% from yesterday's close of 7.8k Satoshi. A reason for ongoing surge is a positive bias which was started 15 days back.</p> <p>Lets take quick look at chart below before going any further with this analysis.....</p> <p>https://steemitimages.com/DQmWAygHqMNKtstZdDWgFWWBfFhaQu6BNUcur5Fz7zFBTwg/image.png</p> <h3>Bullish Crossover</h3> <p>Highlighted blue circle on chart above is indicating a point when due to big surge 10 days EMA(Blue Wavy Line) crossed 50 days EMA(Red Wavy Line) on upside.</p> <h3>Breakout</h3> <p>After the bullish crossover, next hurdle was 6k Satoshi and that level was eventually been crossed on 21/12/2017 with another big surge. After this breakout, Ripple again tested that prior resistance but along the way 10 days EMA was started to provide support and intacting the uptrend.</p> <h3>Current Resistance </h3> <p>After taking a support of 10 days EMA, ripple resumed its up move three days back and today's big move of over 29% has taken this script to another Resistance level of 12.3k Satoshi(marked as Resistance 1 on chart above). Due this resistance ripple has pull back a little and one can see that pullback in form of wick in today's candle on chart above. Current resistance level is important to cross as in start of correction which started way back in month of May had resisted the bounce back which happened few days later of correction and after that pullback Ripple went into bear grip which lasted for 5 months.</p> <h3>What to do next?</h3> <p>Owing to the intensity of current resistance, its wise to take some profit off the table and wait for crossover or breakout. Daredevils can short here with target in form of test of <strong>Rising Trendline</strong> and stop loss above 12.3k satoshi level. New long postion can only be taken when Ripple crosses the two resistance levels which are <strong>Resistance 1 and Resistance 2. </strong>With that said I am signing off this technical analysis.</p> <p>____________________________________________________________________________</p> <p><em>If you like my analysis do not forget to</em> <em><strong>upvote, follow, comment</strong></em><a href="https://steemit.com/@jimmyrai28"><em>@jimmyrai28</em></a><br> <em>if not then criticize, this also will be highly appreciated.</em></p> <p><em>You can also drop a comment in 'reply' if want you want me analyze any script of your choice.</em></p> <p>Now you can also find me on discord channel: <a href="https://discord.gg/VvHmhvH">https://discord.gg/VvHmhvH</a> </p> <blockquote> One can also resteem and get free upvote their post by just replacing <strong>http:\\</strong> with <strong>re</strong> in their post link. </blockquote> </html>
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nice information,thanks for sharing
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<p>Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jimmyrai28 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=10253030.639667%20VESTS">5000SP</a>. <strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
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thanks dear upvote and folllow you
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!originalworks
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The @OriginalWorks bot has determined this post by @jimmyrai28 to be original material and upvoted it! <center>![ezgif.com-resize.gif](https://steemitimages.com/DQmaBi37A5oTnQ9NBLH8YU4jpvhhmFauyvgg3YRrEJwskM9/ezgif.com-resize.gif)</center> To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
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