XRP/Ripple Techincal Analysis 16.12.17

Hello and thank you for reading.
Recommendation:

• Buy if: Price goes above 0.80
• Sell if: Price goes below 0.67

Here is the TA for today:

Link to image: https://imgur.com/a/t45fj
0.74 has proven to be strong support for our current rally. However, I think we might break it. Here are some reasons as to why:

• Dip below 0.74. Although we did manage to find support at the 100 day EMA and then come above 0.74 again.
• RSI starting to look bearish. 35 is now acting as support and 50 is acting as resistance. One would rather like to see 70 being the support and 50 being the resistance.

As the picture shows, lower support levels may be EMA, 0.67 and 0.56

This is purely a techincal analysis. Furthermore, this is only my opinion. Consider doing some research for your self aswell.
Feel free to criticise in the comments.

Thank you.

TA XRP/Ripple 15.12.17 https://steemit.com/xrp/@baccara/is-it-too-late-to-buy-ripple-xrp-technical-analysis-15-12-2017