The long term resistance is getting thin on XRP and the trendlines are really close. I chose the weekly chart to emphasize the position Ripple is standing in. This is a low risk trade as we have sailed on no volume for a long time now. Ripple is a long time hold for me even though it's a bankster coin. I expect more good news from this company aswell.
Technically I will keep an eye on the Weekly Tenkai (blue) aswell as the support on the daily Tenkai and Kijun. The cloud is thin so no resistance. This is just depending on the market sentiment.
A long term position for me would require an entry anywhere below 70 cents. Let's see how it goes!
Technically I will keep an eye on the Weekly Tenkai (blue) aswell as the support on the daily Tenkai and Kijun. The cloud is thin so no resistance. This is just depending on the market sentiment.
A long term position for me would require an entry anywhere below 70 cents. Let's see how it goes!
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Second try! Bitcoin fell right to the middle line in the previous downtend pitchfork. This will be interesting. Bears are still in tough control
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Reaching triangle end. We know that there will be some action before the summer ends :P
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Crypto volatility reaching ATL. Something big will happen next month
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Btc needs to catch up with the trend and then go sideways for the alts to rally.