The market shows strong upward movement. We can try to join it based on a breakout signal above the resistance zone formed by SMA100 and the downtrend line. MACD supports upward movement. DMI allows opening long trades. Buy orders can be placed above the downtrend line at 2.30 with stop at 1.50 level. Profit targets are at 3.25 and 4.00 levels. The part of trade volume should be left for long run.
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The market made a new swing high which is below the downtrend line and our entry level. We should keep pending orders at the same level and wait for possible breakout.
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The price is going to break the downtrend line. It will give us a trend reversal signal. The pending orders should be at the same levels.
Start Rant "Ripple is going to have news all the time that is going to break the charts. In a world of shit coins that do nothing, this one is working towards and actually already doing something that is useful and will actually create transaction fees. And the way they are doing it allows financial companies to not use ripple, but most of them will find that settling in ripple is the most efficient method anyway, but having the option to do what they want makes them more likely to try it. And it will still probably be added to coinbase at some point, they didn't say it was not being added, coinbase ceo neither confirmed or denied it. How are you going to feel the day after they announce something big, like Amazon is going to use ripple, and you already sold it at $2.00. Yes, it's going to get pumped and dumped along the way, and market cap is huge, but not when compared to shit stocks like snapchat ripple is a better gamble. It's not likely to ever be worth more than $10 but I'll take 5x." End Rant. Oh, and XLM has more potential and will most likely overtake ripple at some point.
market was waiting for some good news to cut losses and run as far as possible from a central network that has nothing to do with blockchain technology. This is speculation in its most extreme form in cryptoland in my opinion. There is no value whatsoever except for the news that some bank may use it even though there are better and cheaper alternatives for the banks out there. To me this coin has RIP written all over it. Permission based and centralized.