Ripple Technical Analysis For 6/16/2015

[waawd_1]

In my last technical analysis article on Ripple, I speculated that the Head & Shoulders formation that was showing on the charts at the time was suggestive of a further rise in price – after 2 weeks of grinding – price did eventually break upward. In my last article I also outlined the 0.000034 support area, and this support zone has held quite nicely over the past two weeks. The 0.000034 area is still of great technical importance, and is likely to be respected by the market in the future, so keep a close eye on it.
http://themerkle.com/speculation/ripple-technical-analysis-for-6162015/

[1714995229]

1714995229

[CoinThug]

In my last technical analysis article on Ripple, I speculated that the Head & Shoulders formation that was showing on the charts at the time was suggestive of a further rise in price – after 2 weeks of grinding – price did eventually break upward. In my last article I also outlined the 0.000034 support area, and this support zone has held quite nicely over the past two weeks. The 0.000034 area is still of great technical importance, and is likely to be respected by the market in the future, so keep a close eye on it.
http://themerkle.com/speculation/ripple-technical-analysis-for-6162015/

Thanks for the news. I will have an eye on it