Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday October 27, 2023.
October 27, 2023 5:24 am
If we look on the 4 hour chart of Ripple cryptocurrency, then there will be a deviation between the price movement with RSI indicator as well as the form of Barish 123 pattern where these things gives the clue for Ripple that has the potential to weaken up to the level 0,5349 as the main target and 0,5259 as the second target. But this weakness scenario will become invalid and cancel itself if suddenly Ripple turned stronger, especially if manages to break above the level 0,5855.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look on the 4 hour chart of Ripple cryptocurrency, then there will be a deviation between the price movement with RSI indicator as well as the form of Barish 123 pattern where these things gives the clue for Ripple that has the potential to weaken up to the level 0,5349 as the main target and 0,5259 as the second target. But this weakness scenario will become invalid and cancel itself if suddenly Ripple turned stronger, especially if manages to break above the level 0,5855.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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