Ripple and Stellar break lower as expected, but the pain could be over as Bitcoin's chart looks bullish!

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·@nickh725·
0.000 HBD
Ripple and Stellar break lower as expected, but the pain could be over as Bitcoin's chart looks bullish!
Both Ripple and stellar have fallen significantly since I warned about possible pullbacks yesterday. Ripple's pullback is largely due to the Coinbase announcement that they will not be adding any more coins right now. Although there was negative fundamental news that we could not have expect, but it happened to perfectly correlate to the expected bearish divergence in the chart. Both Ripple and Stellar followed other major cryptocurrencies and broke down from their respective up-trends. 

![Screenshot (132).png](https://steemitimages.com/DQmVWJjYHfgN9DaJgiJBJuottLr9VYM3NBosY7t8tyjjqfE/Screenshot%20(132).png)

![Screenshot (133).png](https://steemitimages.com/DQmXkdrjcSosFxC5dYWQg1heCmxsZuN27cGJdNKkirWCXVf/Screenshot%20(133).png)

Although both of these coins are looking incredibly bearish, and could continue to roll over, Bitcoin's chart could bring good news to these names going forward! Bitcoin bounced off of key support, and has started to form a bullish wedge! Bitcoin is looking really nice, and a break of $15,415 and a move past $15,500 could send the market up.

![Screenshot (135).png](https://steemitimages.com/DQmPfL5NS5aTkFRxZfzjjeCxukejue8Wj3LibLiaakEuzgq/Screenshot%20(135).png)

 If bitcoin can manage to break higher, I would look to make a bullish call in Ripple and Stellar! :) There could be more downside in the meantime for Ripple and Stellar, so I would not make an entry until Bitcoin breaks higher and they begin to bottom. 

Good luck, and thanks for reading!
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