Fxprotrader

Ripple: Rejection at Support Level

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Ripple has been in a correction since the end of May when the fast impulsive move to the upside ended and all we do day in and day out is to try to find that level where price may find support and start climbing, ending the corrective structure. Looking now to the daily chart of Ripple we may see that the lower parallel of the median line acts as support rejecting price. In case you hava a buy setup completion, buy Ripple as it has a tremendous potential to the upside.
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