What happens with Ripple is something very curious, on one hand they have real followers who recognize the importance of the technology they develop, some other followers are only motivated by the gains they can get when pump and dump in short movements with strong volumes and in its against all those who do not support centralized developments.
XRP proves to be ending with a well-defined "ABCDE" structure, at first hand we can believe that we are entering an "ABC" correction before defining its new trend.
Something very important to take into account is that this token was created for "work" it fulfills a function within its ecosystem and is not to be a "coin" or "pump & dump" token, so in my opinion you have to be very careful with the expectations and future plans, it is enough to take into account the amount of tokens that are in circulation, plus those in reserve.
In my case, this for a long time was a token of "refuge" a safe place for the stability it showed (i'm not a big fan of USDT), now and before these movements it obviously lost that function.
Open to wait for confirmation of the trend to plan something in the future. With a 1hr chart we can see a little more closely how it develops.
Happy New Year!!!
XRP proves to be ending with a well-defined "ABCDE" structure, at first hand we can believe that we are entering an "ABC" correction before defining its new trend.
Something very important to take into account is that this token was created for "work" it fulfills a function within its ecosystem and is not to be a "coin" or "pump & dump" token, so in my opinion you have to be very careful with the expectations and future plans, it is enough to take into account the amount of tokens that are in circulation, plus those in reserve.
In my case, this for a long time was a token of "refuge" a safe place for the stability it showed (i'm not a big fan of USDT), now and before these movements it obviously lost that function.
Open to wait for confirmation of the trend to plan something in the future. With a 1hr chart we can see a little more closely how it develops.
Happy New Year!!!
Bình luận:
Pushing up and trying to break the roof again...
Maximum level of protection activated with the three main angles to take care of the profit.
Maximum level of protection activated with the three main angles to take care of the profit.
Bình luận:
I am going to close this idea because although I have been able to protect the position it is too far from the original idea published.
Giao dịch được đóng thủ công
To help me make my decisions, I specified a work zone that limited a security area with Gann 2x1 angle, with the resistance above and a series of supports to protected my position.
(I know that Gann angles are very delicate and that you have to be very careful when drawing them, that is why I use them only as a trend reference.)