But let's get to the main subject Ripple (xrp).
Recently the world of cryptos is getting hit by multiple sides although in my opinion cryptos are not dead and for some of them the future may be bright .
The leader of all cryptos Bitcoin ( BTC ) is slightly down today, fluctuating around the $6,300. The major cryptocurrency is currently trading at $6,287 by press time, down 1.5 percent over the past 24 hours.
Total market cap has failed regain the $200 billion threshold over the day, falling below that point this weekend. At press time, the total market capitalization of all cryptocurrencies amounts to $194.5 billion.
Markets appeared to react negatively to the ETFS denials once again and the decision of Goldman Sachs to hault the creating of a crypto desk for now as it had stated at the past.Added to those bad news for cryptos the yesterday’s news that the U.S. Securities and Exchange Commission (SEC) temporarily banned trading in XBT Provider’s exchange-traded notes (ETNs) Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”).
Also yesterday, Ethereum co-founder Vitalik Buterin predicted that there is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, stating that the industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
In more news for the industry, the crypto industry today saw the launch of two new stablecoins approved by New York regulators.
1.We can notice the three last days sellers are in control and above the mean .
2.We can also see some key levels with the dotted black horizontal lines and the .
3. with the going for the 20 oversold area.
4. giving us for a long time now the bias.
5.Notice that if the previous low 0,26646 does not hold we are aiming for the 0,20-0,19 area that we had enormous buying at the past implying a good support.
ENTRY AT 0,19250-0,20 AREA
STOP LOSS AT 0,15
FIRST TARGET AT 0.3580 AREA
HAPPY TRADING AND HAPPY PROFITS!!
PLEASE LEAVE A COMMENT YOUR OPINION OR EVEN A QUESTION YOU MAY HAVE
KEEP FOLLOWING FOR MORE PROFITS!!
As mentioned at price 0,22 level without lower lows and bullish RSI divergence at the triple bottom formed it was a nice long trade.
But all of these scenarios if we make new lows,if not it's a buy right here with the certain stop loss of course.