Hi guys, So As you can see, Ripple failed to make any new higher highs for the past few days after a major bull run. For now, I'm staying away from it, unless it gives me a strong bullish sign (trade above $2.8).
First target $2.15
Good luck! - Abdulla
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Support broken.
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Watch out for these moving average, if 50 and 200 MA cross it is a strong bearish sign!
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Target 1 reached!
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MA update.
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As I have mentioned above, the similar pattern happened.
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Moving Averages almost crossing over!
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Ripple next target $1.6.
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Ripple is still bearish - don't get trapped :)
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I get a lot of questions on Ripple and my thoughts on it. The technical analysis I posted a few days ago is still active, and Ripple is still in a bearish mode. The current target is $1.6, can it go lower? Yes. What is the best price to buy? I can't tell unless we get some indications that it is ready for a bullish move (which we don't have yet). Good luck! - Abdulla
I reckon the current downward move is just a reaction to the CMC change. People think it’s gone south so it becomes a self fulfilling profecy.
Quin73
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Brilliant, XRP must fall to 20c. Good riddance
cdubya
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I don't think that pattern will repeat. I believe that drop was due to the announcement by CoinMarketCap that they were removing the Korean exchanges from their calculations. Everything tanked, but quickly corrected.
Thx a lot man! Im definetly gonna buy at 1.6 and if it go lower , well...just hold .
Keep up with the amazing work.
Giovi6969
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@MarcelMartins,
Why do you want to buy at 1.6 usd when it could go lower?
You should wait for the eventual 1.6 target reach and study the next trend.
Don't get trapped.
Giorgio
MarcelMartins
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@Giorgioversace, what i mean is
I've put a buy order at 1.6usd if im not on my computer at the time, for example if it reaches the price when im sleeping or out of my house.
But if im here of course i'll keep a look at the price action