Ripple bounced perfectly as forecasted, prepare for bounce again

٢٢ يناير ٢٠١٨

Ripple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).

Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur.

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