With the pending upward correction at the Bearish Fair value Gap level in the Ripple cryptocurrency on its daily chart as well as the price movement below EMA 10 and inside the channel that dives down also CI indicator succesfully breaks all three levels 100,0,-100 then it is confirmed that the Bearish bias stilll dominate on this Cryptocurrency. Nevertheless,even so in the near future there is a possibility for Ripple to correct upwards to the level of 0.3702 if the Bearish Orderblock level is strong enough then Ripple has the potential to continue its decline to the level of 0.3284 but if the upward correction continues to break above the level 0.3884 then there is a high probability of a bearish movement when this will be on hold for the next few days.
Relevance up to 04:00 2023-03-06 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
