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Daily Crypto Price Analysis (Ripple March 7th, 2018)

Analysis

Ripple never managed to push above the 1.20 area of resistance and the price action since that rejection has been one that indicates consolidation (most likely a triangle). Triangles as most consolidations tend to break in the direction of the trend (in this case lower) and that is a bearish sign. A break above 1.20 will invalidate this view and will make us re-assess.

 

 

 

 

 

 

 

 

 

 

 

 

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