Here we have what it looks like an iH&S for Ripple (XRPM20), or, we could say a quick fake breakdown... The low might already be in.
The signals are not that strong right now as there is no volume confirmation but XRPBTC might be getting ready to jump.
After a new low was hit, prices quickly moved and closed back above EMA10.
Many other altcoins are growing vs bitcoin and so far there basically hasn't been any retrace.
If XRPBTC can stay above EMA10, expect prices to jump next. If EMA10 breaks, we remain bullish as long as the 0.00002047 low stays in play.
We have a full leveraged trade for this pair at 8X lev. and over 390% potential profits... Feel free to hit LIKE if you would like to see the full details, we will share at 187.
In Late 2017 when the market boomed, there was a Gap up on the 1 day. Of course it took two and a half years to fill. The support is 1500 also XRP gapped on the 4hr, it is not something that is guaranteed to fill.
I know you are probably well aware of this use case. The current financial system is going to heavy rely on XRP in the future. So I imagine that it will take quit the beating when the USD reserve status is destroyed.
In USD I believe it will reach .03-.05 before hyper inflating. This of course is possible, because it is controlled as is the central banking system.
I believe it will be a fairly quick drop. When I dont know, It filled the 1 day gap, and I am sure as it drops more institutions will be accumulating and preparing for the full adaption of Crypto monetary system. possibly before the end of the year.
In 2017 I was long at .19 cents and Sold at $2.20. I was new to the trading and have learned alot over the years. Here we are on the Cusp of a Boom, and this time I will learn from my mistakes. XPR is at .19-.20 once more. Just waiting for my entry target. I will be interested to see how this plays our, no FOMO.
Thank you for all you do, I really appreciate your work.
cyberholz
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@Bluechipinvestments, So you're one of the few who bought low and sold high, as a newbie. Good on you! The U.S. dollar reserve status won't be destroyed that quickly. More importantly the FED is under pressure to act upon China's coming stable coin, or better: U.S. authorities are forced to act rather sooner than later. For how much longer can they avoid the unavoidable? This will all play well for Ripple. Stablecoins are no competitors, on the contrary.
Bluechipinvestments
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@cyberholz, Thank you for the insight, I appreciate your insight. It will be a very good year for crypto, we are the fortunate ones to be investing now. Where as the masses will be pushed into the market, will little to no understanding or wealth. They will lose wealth in the collapse of the traditional investments, pensions and 401k and savings.
1 day chart Just a idea, posible H&S with 1 day Gaps. May see new lows.
PigsMightFly
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Hi... The green line that has a stepped appearance looks like an avergae true range stop indicator, is it? What is it called in the library of indicators? Thanks
sidhabdn
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Thanks Master. I believe in this project for long term prospective