sykes

Is it time to buy the Ripple? July 2018

Long
Looking to play XRP soon, have not decided what to do yet. Posting this to see how it goes. I put a trendline above, the yellow one with an alert to see do it break it. Its what 3 or 4 cent higher than the current price. I am going to watch this one and look to buy. Looking to enter somewhere here and hold for a while. It has some nice doable targets. Plus you can play it on margin to increase the gains.

What I have started noticing is in mainstream media, like everyday papers people read is I have started seeing little articles about Bitcoin, saying it has lost 70% value, you should sell. This is kind of telling me we are close to the bottom and they want to buy what you have. I maybe crazy but thats what I think when I see stuff like that.

www.dailymail.co.uk/...ime-record-high.html

I am looking at XRP turning here, either from where we are now or within 5 cent of where we are. So another one to add to the watch list along with ZEC, IOTA, SAN. I think its safe to play this here with your SL at $0.40 if it goes lower and you get stopped can buy at a later date and make that 10% back.

Looking at the daily to show you targets. You can see with BTC dropping, it is not having much effect on this at the moment which probably suggests that a bottom is close. If it was to fall to the median line of the trend, that is around $0.37 Fall from there you can see nect support is at $0.29 - $0.20.


Weekly RSI/MacD this about to turn.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.