Hi, dear Traders!
Monfex is at your service and today we overview XRP/USD.
What do you expect from Ripple ?
We have already described in the preceding charts the situation and perspective by XRP and now we will determine the buy levels.
According to the weekly chart, a lot can be said about this asset. For example: by a breakout of the key level(~$ 0.315), along...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.85.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=135.45.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
I assume the exchange is building a fractal sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel. In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see...
At the moment there is weakness but as crypto tends to improve around xmas time we could well see a nice uplift in this company
They specialise in mining Bitcoin among others.
6p to 7p support level
6.88p is 50% retracement of the highs
5.88p is 61.8 fib retracement
Scaling in 6p-7p looks like a good level.
Think we might head down to 200ma weekly support & also previous resistance here.
As gold might suffer a little next few weeks as other metals improve like copper nickel due to trade talks looking good