Juanchobanano
Giá lên

Ripple - The New Bitcoin - 3$

BITSTAMP:XRPUSD   Ripple / Dollar
Hey traders! In first place I would like to thank you for all your support and great feedback, I really appreciate your comments, opinions and chats, and I hope to learn more from you everyday, this has been an amazing experience :)

Today I bring you another Ripple´s analysis based on a longterm tendency line I indentified in the logarithmic Price Scale. If you don´t know what log price scale is, you can find the explanation at the end of this post. Since my last post (linked below) Ripple´s has had an amazing performance, almost reaching to the $2 dollars target, which is an important psychological level. This level is important because there might be a correction before another bullish movement (somewhere near 1.620 - Which is exactly the 0.382 point of Fibonacci scale), and therefore, we might have the opportunity to buy a bit cheaper.

I also want you to notice volume development ( bullish ) and MACD indicator. The first one ( volume ) is an important characteristic for support the idea of a bullish and strong market as Ripple. Most importantly, it tells us bullish tendency will continue in future. The second one, starts showing signals of an inflextion point, which is exactly the place where we can wait for a market correction before the a next bullish wave.

MY ORDERS
BUY STOP: 2.05 (If correction doesn´t occur)
BUY LIMIT: 1.620 (If correction occurs)

Take Profit 1: 2.9900

Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)

What is a Logarithmic Price Scale?
Well, in first place you have to know there are two different ways you can observe the charts: arithmitc scale and logarithmic scale. The main difference between both methods, is that in the arithmitc scale, the vertical price scale indicates there´s a same distance for each price variation unit. On the contrary, logarithmic price scale shows the prices based on porcentual increments -or decrements-, that means that the distance between 1 and 2, is exactly the same distance between 5 and 10. Link to image: http://www.chilebolsa.com/foro/uploads/370_ela1.png

Are you interested in Technical Analysis?
I recommend you the John Murphy´s book: Technical Analysis of Financial Markets. It is a great introductory book.

If you find this analysis helpful, don't forget to follow, like and comment. I use to upload new analysis every day :)
Bình luận: Physcological price broke!
Bình luận: Bitcoin is affecting alts capitalization. Look bitcoin!
Bình luận: 2 dollars target now has become in an important support level for Ripple´s price
Bình luận:
Bình luận: If you want to buy I recommend you to wait for MACD inflextion point
Bình luận: Hey guys! If you are interested in Stellar´s market, here´s my new analysis if you want to visit it. Thanks for all your support :)
Bình luận: Hey guys! If you are interested in Monero´s market, here´s my new analysis if you want to visit it. Thanks for all your support :)
Bình luận: Correction is done, price moving to our target :) It may reach $4 dlls target too.
Bình luận: Target reached :)
Bình luận: Hey traders! If you want to buy Ripple, wait for MACD change of direction (down to up). Correction might be about to finish :)
Bình luận: Price testing tendency line
any updates?
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Any updates? :)
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On a short term view 2,70 looks more likely than 2.9, isn't it?
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I also believe bitcoin is back to power. Trading volume is going through the roof!
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@Juanchobanano look at the decreasing volume on the peaks. I think we may soon be in for a major correction, just like that of bitcoin. #myOpinion
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What is the best price to join ? Thank you.
+1 Phản hồi
If you want to buy I recomend you to wait for bounce first @Alqudwa, once that was happened, it can be an great entry point :)
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Alqudwa Juanchobanano
@Juanchobanano, Thanks for your job and you advises, great work sir.
+1 Phản hồi
You are welcome @Alqudwa :)
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vnnj85 Juanchobanano
@Juanchobanano, its still dropping at the price 2.4 - 2.5. Do you think it will continue drop before bouncing to make a new target over 3? Thank you.
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