LewisGlasgow

Ripple - Time to Shine

POLONIEX:XRPBTC   리플 / 비트코인
I'm bringing you guys something entirely new on Ripple, this cryptocurrency is one that has definitely become more and more appealing over the past couple of months.

The setup in front of you today is on the daily timeframe :) feel free to check out my previous post for Ripple (chart is shown below).


Price is still respecting the 0.618 and 0.786 retracement levels, use these to your advantage when entering a position.

Now onto the bigger picture, the curve presented on the chart can be seen across various financial markets and is simply a representation of an asset becoming less valuable over a long period of time.

As price is pushed towards the lowest possible value there are three potential outcomes:

1. Ripple will crash (highly unlikely).

2. It will continue to trade below the curve.

3. Experience a huge breakout to the upside (of course, this is what happened at the beginning of April).


Since the breakout price has closed at the highest level in the past 2 years, I'm expecting the next move up to align with the all-time high, exceeding the previous high.

This post was merely an introduction to the technical side of Ripple, but I hope you gained a lot of insight from this short piece of analysis.

Updates to follow! Don't forget to add me on social media :)



May 05
코멘트: Price is approaching the curve, we'll see a drop between 7k and 8k.
📉 Learn How to Trade With Precision: https://www.sixfigurecapital.com

📘 Download the Harmonic Mastery Ebook (Free): https://www.sixfigurecapital.com/harmonic-trading-ebook

💬 Join me on Telegram: https://t.me/SixFigureCapital
any thoughts about ripple now?
응답
@mangaan, long term $1
응답
mangaan LewisGlasgow
@LewisGlasgow, Thanks for reply :)
응답
u mean it will drop down after breaking reistance at 7000 ?
응답
@nyze, yes indeed!
응답
Hi I'm fairly new to cryptocurrencies on a steep learning curve. From my research and the quality of Ripples press releases, in particular with the Japanese banking system testing blockchain technology using Ripples transaction systems. I feel this currency is here for the long haul on the upside.
응답
LewisGlasgow goldenboy007
@goldenboy007, that's excellent, all the best to you! I agree with on that, expecting XRP to reach $1 in the future.
응답
If the forecast is true, the wallet is a bit short
응답
LewisGlasgow incpant241
@incpant241, it's true alright!
응답
brianrod LewisGlasgow
@LewisGlasgow, woke up this morning to see this. As the price grows so does my grin
응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 헬프 센터 프렌드 리퍼하기 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃