Good Evening Everyone!

Tonight We Take a Look at Ripple

As you know, Ripple much like every other Cryptocurrency has been retracing downward very quickly over the past two months. It would be a moot point to state that April and May were amazing, so I won't even go there. For now, let's assess Ripple. Strictly to the chart, you are looking at the same exact pattern STEEM played lastnight. For those of you who don't know, I bought at the absolute bottom, $1.00 and set my sell point to roughly $1.38 (55k on btc charts). The Adam and Eve Reversal Pattern occurred and I hit the sell mark right on the money. This was a 10k win for me.

Support

Support Levels Indicate we are around 6600; 7200. 6600 is hard support and the bottom of the Adam and Eve Reversal

Resistance

Looking at the consolidation levels our resistance points for the near term look around 8500; 8700; 9500

Channel Down Cannot Continue Without Retrace

The current Channel Down is pretty steep, at roughly 45 degree angle downward. This channel is too steep to sustain and a retracement is in order. This is where the Adam and Eve Pattern Come In. Sharp retrace with a Failed Dead Cat Bounce indicates that Eve will play through to consolidate in a small bowl before testing the 8500 mark.

----------------------------------------------------------------------

Don’t Miss My Next Update on Investing, Travel, Adventure, Great Food & Spirits. Click Below!

----------------------------------------------------------------------

Join the Minnow Support Project today and find out how we are supporting Minnows on Steemit earn more!

Personal Bartender & Chef for new Members

Click the Image Below!

Sort Order:

Trending

[-]

theguruasia (67) · 8 years ago

@nlizotte,
Great tips friend! Look at the today market prices Ripple seems power up! Thank you very much for your analysis and sharing it with the community! Really appreciate the effort! And keep posting daily analysis report! It will help most of crypto traders eventually.

Cheers~

$0.11

1 vote

nlizotte (51) · 8 years ago

Hey bud! Welcome back! :)

$0.12

keithwillshine (59) · 8 years ago

Thanks man. I bought some a year ago, then sold half when it was dropping continuously. Now it is worth a fair amount more. Especially when you could buy thousands for a few dollars before. I followed you, check my blog out if you like.

Checking it out right now! :D

Up'D and Re-Steemed.

Thanks Bud :) I appreciate it.

classydapper (44) · 8 years ago

Love your investing tips @nlizotte! Keep them coming, noting everything down :)

$0.10

You're welcome @classydapper :)

2 votes

Investing with Nate: Tonight We Look at RipplesteemCreated with Sketch.