OBV stays high while price drops, this is sign of accumulation. Buy wall still strong and rise will soon be delivered.
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Security switched from downtrend to uptrend,accumulation continues. price still can be affected by bitcoin, but still waiting to see some buying signals for further uptrend.
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Momentum appears to be bullish since CCI keeps going down. Long now, i think a small pump will come in very soon.
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Trend has been disrupted, RSI showing ripple is over sold, long position around 2800 satoshi for short traders.
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Bitcoin rising, heading at least 1240 before it goes down. Altcoin ready to spike up after bitcoin drops. Do no long altcoin right now. ripple next resistance 2100 satoshi.
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RIpple accumulating strong above 23.8 ATH retracement, Good time to step in. I'm using a day chart on this one, therefore i think a small pump will follow while bitcoin drops. Bigger pump will come after couple weeks!
Do you mean we go down again to 2100? Think that we have at 25 its quite stable ground or?
pdmaster
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@thiel, I have been this market super long, and sometimes stock trading rules don't apply since market is very small. It is staying around 27-29 right now and seems bullish, but it has potential to strike down to 21 and form different trend, just to remind all traders. If people just investing, hold it will be better than any other options.
hypeXBT
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Hey thanks for the post. Looking at the recent volatility, would you say the current price level would be a good entry for accumulation? Was wondering if there would be a further correction in the near term. Thanks
pdmaster
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@bigroyaloak, Yes, it is a good time to enter. I don't recommend ripple for long term accumulation, eth is more valuable and price is good to start accumulating. I just point out the accumulation price right now is super close to last accumulation level which is the support, bullish trend.
Do you mean we go down again to 2100? Think that we have at 25 its quite stable ground or?