If XRP can hold this line, great risk/reward trade long setup. I personally hate the cripple token, but this is noteworthy. If/when XRP breaks below 28 cents... lookout below. Target is a few pennies which could knock cripple out of the top 20 tokens.
Ripple's market maker loves letting the market bleed out only to pump it hard and violent once the sell volume drys out.
I've copied the bar pattern from late September 2018 (see left) pump to the current chart situation. This may as well happen, however I'll be happy with +35%.
This is a short that should not be missed. We have bearish divergences on the daily timeframe and the price is at the 0.5 retracement level. It could go up to the 0.65 retracement level, where is the resistance of the ascending broadening wedge so ladder your shorts carefully.
Lol 90% retrace? and people still think its overvalued XD
Tp levels in image
I rarely give signals out for free due to my VIP product but things are really looking good in the markets and I see big things coming so out of generosity this one is free
remember STR buy signal of 2017? yeah same story again here with ripple.. speaking of that STR is breaking out...
Time for celebration for me! After 2 dead months in the Forex market (I could have made progress but I did not know it well enough), the USD finally broke out of consolidation (no fakeout please), and activity is finally going to be back. I have no reason to trade crypto now. I only traded crypto this summer because I had a hard time finding setups.
Now, let me...
Well, let's just be honest, our good friend cripple is an even bigger scamcoin than ETH and LTC. That combined with the fact that XRP has broken down from a major trend line + important pivot supports = it's time to get out lol. Anyways, I want to let everyone out there who is hurting right now know that I am sorry you were scammed and I am sorry you were lied to...
Here is what to look for in cripple. If you want to be ready next time the public gets excited, won't be right away thought.
One fun thing to do is buy on supports sell when it bounces (as it gets really low it will just bounce more %), to get your initial investment back, but leave in your profit. you're in for free! :D
For my part I'll only buy some cripple if...
Although it could drop lower, the (4) line is normally where the ABC correction comes down to, while XRP could continue to do a 12345 downtrending, with volume coming back I believe at least in the short term it'll bounce next time it touches the (4). Stop losses set below the (4) on my long.
Not 100% if XRP is in ABC Correction because they have enough money to artificially keep the price up if they really wanted too, but due to decreasing volume and obvious signs of bull exhaustion, I think this correction is justified. My target is a 30% correction from the 19k fib but it could only drop to (4) before reversing the trend.
Not trading advice, just...