Managing Risk Efficiently in Six Steps
Any analyst or trading guide will tell you how important it is to manage your risk. However, how does one go about managing that risk? And what exactly do they mean by managing risk? Here is a step-by-step guide to one of the most important concepts in financial trading.
1. Determine Your Risk Tolerance
This is a personal...
SEC Files Amended Complaint Against Ripple, as Pretrial Begins
The United States Securities and Exchange Commission (SEC) has filed an amended complaint towards Ripple, alleging that it willfully misled investors with XRP.
The amended complaint got filed just a few days before the pretrial hearing between the SEC and Ripple, which began on February...
Ripple was in a bullish correction over the last few days and rejected off the fib, trendline and support area. We can now wait for a smaller timeframe correction and get in on the move.
This set up is almost identical to my previous DOGEUSDT set up, which you can find below.
Hopefully with today SEC news we should see a nice drop in the price to solidify this next move. after a 3 year downtrend in price we can see that XRP is testing its bullish sentiment with this huge formation. I've traced my predictions in blue. Happy for some discussion around this
Please take time in reading my analysis. This is what I BELIEVE the market will play out with, a lot of fundamental data and a lot of different approaches are being made to this market place right now. I very rarely look into Coins however, I've just had my phone blow up with calls asking for advise etc lol
So why not just publish this and hopefully get...
I love ripple! But lets be honest.. the price does depend on what happens with the lawsuit. I believe they can pull through and all of us hodlers will be rewarded but it could go the opposite way. We will see 👀🚀
From the XRP/USD analysis, we can see investors finding value at $0.26 area (Buying area). We can expect this area to hold as support and provide enough liquidity to shoot up to the target area of $0.55 (Percentage gain: 111%). This is a short term target, we may see larger moves incoming in 2021.
Simple drawing by analyzing volume and previous mirroring wave. It is expected to reach 1usd in the long term. The correction wave allows at the point of b1 to take a good position.
The projection is just private opinios and not financial investment advice.