SethNegley
Long

Ripple going to $2!

BITFINEX:XRPUSD   Ripple / U.S. Dollar
Ripple is setting up nicely, respecting this support zone . Looking for 100% gains.

We could see a dip back down to 65 cents so be careful.

Remember to NEVER sell low and buy high.

Entry #1: $0.90
Trade active: Entry #1 hit
That support zone isn't exactly convincing.
Reply
@germac, Why, please explain?
Reply
germac SethNegley
@SethNegley, the proposed support zone hasn't been tested. The first time that price ($0.75) was touched was in early December, it was only a brief pause in a spectacular rise. There's been a clear downwards trend over the last month and a minor reversal is common. The typical scenarios now are 1) a continuation of the downwards trend on below average volume or 2) a period of sideways movement establishing a channel from which a breakout will eventually form. It looks like the rush to buy is over, and maybe the pertinent question is whether discouraged investors are ready take their losses yet.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out