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Ripple under the negative pressure – Analysis - 23-01-2018
Ripple price traded with clear negativity yesterday to attack 1.29 level and settles below it now, which puts the price under more expected negative pressure in the upcoming period, affected by the head and shoulders’ pattern that appears on the above chart.
Therefore, the bearish trend will be suggested for today, noting that the next main target is located at 0.67, while breaching 1.29 followed by 1.50 levels represents the key to stop the current decline and start recovery attempts on the intraday and short term basis.
Expected trading range for today is between 0.90 support and 1.50 resistance
Expected trend for today: Bearish
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