As old trader I would suggest i bit more caution. Ripple appears to me in a clear H&S pattern waiting to drop (again) breaking the neckline. I do not see the volume in the white candle. It appears to me the dumbest money ever coming in and from TA stand point it looks to me that the Bears are simply waiting for even dumber money to drop this thing.
the chart looks to me in a obvious downtrend and buying the dips it is usually the best recipe to disaster.
The way I see it (if really need to trade these crypto jokes) at this time is safer to stay out and wait eventually to go long at retest of the 0.90 low or even worst....at a retest of the 0.78 low.
I hope I'm wrong not being at all in the market and I wish you do not lose money...juts be cautions
Giovi6969
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@AntonioSignore50, I'm not in too right now.
I'm waiting for Korea and China regul signals. Europe reguls are for the G20 meeting, so there's more time for this.
nixel
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@Giorgioversace, TA doesn't care about fundament. News appears because of TA predictions.
What most people don't get:
Ripple has 2 pieces of major tech:
xCurrent xRapid
xCurrent is basically what Ripple is currently shopping to banks, its blockchain tech that would be used to pass messages that money is being moved from one party to another quickly
xRapid is basically the same thing, with the added fact that XRP, the token, must be used on that chain, and that the token could basically be used to settle payments as well as passing a message down from bank to bank about money that is moving.
So:
xCurrent without XRP conducts transfers
xRapid with XRP conducts transfers and settlements
When sending money there’s always two parts. Telling someone you’re going to give them the money and actually giving them the money. Settlement is the big piece of the pie that XRP will help with.
Traditionally settlement happened by physically transferring paper money between banks. In modern times most banks use a clearinghouse like CHIPS, and central bank systems like FedWire. Scalable real time settlement of individual transactions (not batches) between banks without prior written relationships or third parties is the holy grail of money transfer. That’s what XRP will hopefully revolutionize.
the chart looks to me in a obvious downtrend and buying the dips it is usually the best recipe to disaster.
The way I see it (if really need to trade these crypto jokes) at this time is safer to stay out and wait eventually to go long at retest of the 0.90 low or even worst....at a retest of the 0.78 low.
I hope I'm wrong not being at all in the market and I wish you do not lose money...juts be cautions