Hi to all, this is my idea on XRP, Please comment if you agree or not with this idea. XRP price just bounce with a little bit of trouble form the EMA200 and break the neck line from the previous H&S pattern, this means that the bearish market end. The MACD and the RSI also are ready to support this movement. Enter Price above the neck line: 0.23 Targets: Right...
I'll be looking to get into a short contract at the short-zone shown in the chrat. I think we will fulfill the level then roll over to the downside. Stay tuned for an entry.
XMR will benefit from more of these kinds of pairings. The more XMR pairing with stable coins and alt the better for overall liquidity and use. Another sign Monero is making it into the mainstream.
So this is the complete Tether implosion chart. Watch Tether vs all other StableCoins. You can see the tether troubles reflected in the bitfinex / coinbase premium.
So the tether implosion is continuing, check out my previous post -> . In this one i added PAX. Anyways we can clearly see that USDC is leading the USDT exodus. Probably all of Tethers US customers are moving into USDC and the Tether team can't keep up the peg.
No one knows how tether really backs up their USD. If they use actual USD they're at the mercy of legacy banks that can shut them down and if they use BTC or others assets to back up tether then they are at the mercy of the markets and the prices of their assets. Tethering ain't ezpz.. Now big boy goldman sachs has entered the stable Ecoin (Evil coin) game giving...
could break out in either direction but im leaning towards short due to the reasons mentioned on chart
Buy above 0.9958. Stop loss at 0.9900. Take profit at 1.0044. Reason for the trading strategy (technically): Price has broken our long term descending resistance-turned-support line signalling a change in momentum to bullish. It has also made a very nice pullback and recently displayed a bounce above this descending support line. We turn bullish above 0.9958...
Over the market has been saying downtrend, just be careful & simply wait for 50sma confirmation.
I see a possible move from 1.5223 down to 1.4442 ca. 80 Pips in 23hrs. And maybe into a extension to 1.14200