Ripple had a great Christmas and New year’s party, so it celebrated it with a bang. Now the hangover is kicking in. And we can see that…
For now, it seems that it wants to quickly touch the symbolic $1 level, in order to decide then on its future value. Now the questions is, will we see that?
No one knows for sure, but if Ripple is planning in the future to take...
I normally trade gold and catch bottoms. I don't expect anyone to believe me nor am I asking for anyone to. just using the same reasoning I have on gold on to ripple and seeing what happens. Do not copy check for yourself and see if this trade makes sense to you. apply money management always. I am not a professional and I shall never say I am.
This is my short term play on xrpusd. if im correct, then Jan lows should hold and im expecting new highs at $5 which would be the 200% fib extension from the current all time highs to January low. If we break January low then i expect price to drop to 1.24. Decent risk reward oppurtunity.
I believe we've made the monthly low as we've moved above the monthly open. Expecting the wick of the monthly candle to be in. We've keyed off a daily level so now expecting the expansion of the monthly body. Targetting previous ATH and then $5 short term
Tenkan Sen has crossed Kijun Sen its an exit (also short positions) point for investors seeking alpha
CAUTION: Risk averse people you may wanna wait till the candle stick position themselves on top of the kumo but don't expect to achieve over and above ROI
XRPUSD has been consolidating in a triangle since the ATH. It is now nearing the point of the triangle and I expect it to break to the upside. I am basing this on the strength of the previous bounces when price has hit the bottom of the triangle and the fact that the prevailing trend is very bullish.
The point of the triangle corresponds with a level of triple...
XRP to USD has broken through the 200 MA and looks posed to go for another bull run. Combined with the listing on Japan's DMM exchange we should see another big run in XRP due to the increased demand. DMM only allows for purchases of 7 currencies.
The 7 supported cryptocurrencies are bitcoin (BTC), ethereum (ETH), nem (XEM), ripple (XRP), litecoin (LTC), ethereum...
Reasons to buy
- Price broken descending trendline and broken out of the triangulating bullish pattern
- Price filled the 0.6 fib retracement
- 5th Elliott Wave expected
- Price squeeze indicating volatile move soon
Targets set at 1.6 & 2 Fib extension, proven to be very accurate in the past
Ripple made ahealthy retracement all in the expectations. nothing to panic about. this is good for growth.
Ripple may be forming a bullish divergence MACD. Once the cross of MACD confirms, the market will notice this and upward momentum can be expected. Whether this will be a sudden strong upward move is to be determined.
If you look at the pattern Ripple made...