Hello my dear Ripple traders, hope you're doing well! :)
Ripple is right now in an equilibrium (and a potential descending triangle) between the ranges of 0.352 & 0.313 -a break here will be coming to the up or downside, highly depending on if grandpa Bitcoin can break its neckline at 6.5-6.600. => Awesome trading oppurtunity, if you can play in both directions. Have fun watching! :)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Thank you so much once again. I'm learning from you.You're a good man. You share your knowledge. Happy trading and more good luck for you for being good ;-)
Edgy_
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@angelsmfg, Thank you brother for your kind words! ;) Have fun watching
InvestingScope
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The equilibrium on a small time frame is a correct action to call. On the 1D Channel Down however, the price is near its Lower High limit. We are looking for further downside:
Edgy_
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@InvestingScope, Thx for your comment. You'd want a channel or any trendline to be getting respected by touches, esp. on longer time frames. You ultimately want all traders to be seeing your trendlines/channels, never forget that.
BlackJokerX
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I m sure you mentioned this already to someone else, but why do some of your candlesticks are Orange?
Edgy_
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@BlackJokerX, Those are inside bars => See today's IOTA analysis to understand what an inside bar is
newworker
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amazing video ! love to see what happens for ripple and btcusd! i know the head and shoulder on BTCUSD will shoot up the price !
Edgy_
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@newworker, thank you! ;) be cautious before making premature moves