I have been watching ripple for a long time and have not entered into a deal
Over the past week, I saw a sale of coins and I have not seen such a price for a long time. 0.18 cents
As you all know, the cryptocurrency market is cyclical, andI'm saying this is not the first time.
We have seen this situation many times and the chart confirms this.
I analyzed ripple cycles
Pair with the dollar and bitcoin and saw a very interesting situation,
- every 210-240 days there is a rapid growth of the coin
- there is no long-term stable growth on the coin
- after the pump we always see a long-term debilitating fall
- good volumes
- the lower the price of a coin, the more interesting it is for institutional investors
over the last 24 hours more than $ 3.5 mnl was bought at bitstam
We are approaching the end of the cycle, and within 30 days I expect a jump
In the area 0.136-0.162 there are huge limit buy orders and I think no one will remove these orders
There is fear in the market and it’s good
Good entry point for swing trade
Best regards EXCAVO
That's why I wouldn't swallow any of the same bullshit "analysis" today, the fact is, Ripple can go down to $0.03 and even lower, objectively there is no sign of a trend reversal at all. Don't be foolish and don't be fooled. Use your own brains. It is in a downtrend. Still. Period.