Dear guys!
Next weeks, will be XRP weeks. 5 reasons to believe in Ripple, and why u cant do so much wrong right now.
1. We are in BTC panicselling mood. This will end. It doesn't matter if this week, next or in 1 month. XRP stayed strong during these days, and when BTC market calm down a bit, and normal market behaviour will take over, we will see rising alts like everytime before.
2. We got a pretty sweet Elliott wave triangle correction. Uptrend incoming.
3. There is a big Support area around 6500. Within the last 6 month we never crossed it, and its not likely to break through for XRP.
4. The signed wedge. We come to decision point. It's not really a falling wedge, but in addition to our other reasons ... it confirms our theory
5. U can see a nice cup marked in the graph. If XRP continues this trend, we will see a big uptrend.
---> The space to 6500 support is quite big. 20-30%.
But: We can assume big winnings if XRP goes it's way ... 100% and even more could be possible. And I dont think that we can buy XRP lower again.
---> Chance/Risk Ratio easily above 2 or 3 ... set ur stop losses, and enjoy the graph.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Next weeks, will be XRP weeks. 5 reasons to believe in Ripple, and why u cant do so much wrong right now.
1. We are in BTC panicselling mood. This will end. It doesn't matter if this week, next or in 1 month. XRP stayed strong during these days, and when BTC market calm down a bit, and normal market behaviour will take over, we will see rising alts like everytime before.
2. We got a pretty sweet Elliott wave triangle correction. Uptrend incoming.
3. There is a big Support area around 6500. Within the last 6 month we never crossed it, and its not likely to break through for XRP.
4. The signed wedge. We come to decision point. It's not really a falling wedge, but in addition to our other reasons ... it confirms our theory
5. U can see a nice cup marked in the graph. If XRP continues this trend, we will see a big uptrend.
---> The space to 6500 support is quite big. 20-30%.
But: We can assume big winnings if XRP goes it's way ... 100% and even more could be possible. And I dont think that we can buy XRP lower again.
---> Chance/Risk Ratio easily above 2 or 3 ... set ur stop losses, and enjoy the graph.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Trade active:
still inside our wedge. everything is fine. enjoy the ride