As we said in the previous analysis if Ripple can't break out the downtrend it may rally to $175 and that what happened. Ripple is trading now inside a downtrend channel and it couldn't break it out twice. Moreover, 10 and 20-day EMA are really acting as strong resistance they keep pushing Ripple down.
Ripple needs to break out the channel to resume the uptrend, otherwise, we expect a fall towards $1.50 and then to 50-day SMA at $1.20.
So, we can't find any buy set up right now. You can open long positions on a break out of the channel OR at the support line of the channel.
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