Ripple is close to a break above on this intra hour chart, hanging
on to the SMA200. It seems price is gravitating towards the
yet untraded pivot point at 2.0440. A breakout could well be
the start of a next move up, especially if we see a strong break
and close above the pivot point. If price breaks below the
Cloud, chances are price will retest the current low by S1 at
1.6140.
In a fast market, these low timeframe charts can be very
useful to time entries and exits. The usefullness of a timeframe
can often be seen in how price respects the Cloud. Here
price has tested the Cloud from below several times before
entering it, and once inside, it has tested both the
upper and lower band. Early hints are crucial in fast markets.
Watch the chart on Tradingview with details and updates:
https://www.tradingview.com/chart/XRPUSD/I3XNGPTD-1-Crypto-M15-XRP-USD-Breakout-Brewing-Dec-31-2017/
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