XRP has completed a very beautiful standard correction pattern called expanded flat (3-3-5). As you can see, the bulls were just waiting for this great buying opportunity and jumped right in.
The low of this correction was 1.9$ and it is now already trading @ 2.5$ again.
Now, I expect XRP to reach 4$ in the coming weeks for green wave 5 target, which is where I will be thinking about selling 50% of my position.
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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Good luck on your ripple trade. Personally i sold out on the recent rise as the market cap just seems too big at this point. Tbh I dont really know enough about ripple tho and it could indeed be worth much more....no conviction to hold through.
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I agree that XRP can reaches $ 4 in the next few weeks target of the green wave, but before that it may correct to point A or B of the figure.
If you agree or not, comment or give a vote of steem. Thanks
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I would tend to agree that the correction is about done and we should look forward to new highs. Looking forward to $5 ripple though!
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I only hope that in the short term I will be able to have the ability to understand and take advantage of the opportunities offered by the cryptocurrency market. I am always interested in your publications
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don't delay buy today! Tomorrow the price will go higher! My favourite is NEM as it's still so cheap!
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Very interesting, hopefully more people jump on the train... I got in at .70 cents so lets keep it up!!
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interesting
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Very nice post brother
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Check out my lambo that I got from investing in ripple 🚀🚀🚀🚀 :
https://steemit.com/ripple/@karolynaz/thank-you-ripple-for-my-first-lamborghini-omg-please-share-if-you-like-ripple
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Interesting. Nice analysis.
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im waiting until it goes to $1.50
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Me too 😁
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Absolutely right this is a great buy in position....i actually had a budget to buy in but the fall in price of bitcoin messed up my calculations and now i'm not sure if i'll be able to profit if i buy in now, co if the price of bitcoin also goes up again when ripple is hitting $4, i'll get virtually no profit :(
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Does anyone know of a way to gain exposure to cryptos right now? I've been trying to buy XRP for weeks but it is impossible to open a new account on any of the trading platforms. They all state that they are not opening new accounts at this time. I have tried well-known names such as Bitstamp and Bitfinex. The only account I've been able to open is on Coinbase. In the meantime, I feel like I'm missing out on opportunities with Ripple. Any help is appreciated!
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Here is the list of supported exchanges from the ripple website:
https://ripple.com/xrp/buy-xrp/
Good luck
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if you are on coinbase you are also on gdax, you can see which coins they have, I am not sure.
Also many in Europe are signing up on the Asian exchanges, so you can try a google search and see what you find.. It is a global phenomenon so I think you have many options...
Remember to check the quality of the sites, some are scams and steal your money.
Try cryptopia, they have a nice coin selection :)
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Just buy on Coinbase for now.
Then go a place like Bifinance or Poloniex and transfer your coins and then convert to Ripple. I think Poloniex is still accepting new clients, other go to HitBTC. They let me sign up just today, as the two other exchanges doesn't carry LA(Token) and ATL, which I think will go off this year.
Good luck.
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hope it doesnt go up too much, my friend sold at around 25 cents right before it started going up alot. would feel really bad for him lol
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I like your post because it is very helpful. You very know about graphics and always active in terms of trading.
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Do you think it's likely to go above $ 5 you are . I think we can see over $ 5.
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We will absolutely see 5$ this year, but I believe there will be another correction again, before we see 5$ and above (following my count).
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thanks information. Which is the best time interval for investment?
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Time is irrelevant in my opinion. Knowing the most probable direction is much more important.
I only buy cryptos when in red.
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I will follow you. When it's time to make a sale and when you say it. I will be there :))))
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But alot of coins are scaling btc. XRP is down from yesterday since its scaling with btc. I am surprised to see some alts up 50% like loop ring and salt and stuff. lol!
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Hi there, nice post, I write about this kind of post everyday, if you want to get more information about this follow my account and upvote my latest post.
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Exactly what I said in my post today! Today was THE opportunity to buy!
https://steemit.com/cryptocurrency/@adamo26/coinmarketcap-fucked-up-but-do-not-sell-buy
Also, as of ripple, it announced that it will be listed in DMM, a Japanese exhcnage site, and Coinsquare, so I would recommend that you HOLD until it gets on both platforms as it will pump XRP's price and then sell!
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