XRP/USD A trend from the past
Updated
Ripple made us happy with a green line in the quotations rates in the first month of autumn. Many experts say that it's time to buy Ripple and wait ... for that very hour when it makes a hit again.
Such a sharp rise in prices is explained by the positive XRP news background. Ripple representatives said that a commercial version of the xRapid payment platform may soon be launched. Besides, it has become known that an American bank which is one of the top 10 largest banks intends to use RippleNet to process international payments of its customers. The technology being applied in practice is a positive factor for the reputation of the project.
Until today, the price chart has attempted to settle in the rising channel, which originated in 2017. However, today we have seen a breakout of support and a decline.
Based on the RSI, the overbought decline can give a new impetus to growth, and, globally, we will see attempts to settle in the rising channel.
In case of a decline, the next pattern target can be 0.36. Intermediate targets at the top are 0.6; 0.75 and 0.96.
We currently recommend buying from the level of 0.42. The transaction target is 0.46 and 0,51.
Instead of a stop order, we would rather use "averaging", because the stop orders are being hunted. We will add levels for averaging to the update of ideas if the market continues to decline. Please, note that it is a high-risk transaction.
We are going to regularly update our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit.
Subscribe and follow our recommendations!
You are going to enjoy the results!
Such a sharp rise in prices is explained by the positive XRP news background. Ripple representatives said that a commercial version of the xRapid payment platform may soon be launched. Besides, it has become known that an American bank which is one of the top 10 largest banks intends to use RippleNet to process international payments of its customers. The technology being applied in practice is a positive factor for the reputation of the project.
Until today, the price chart has attempted to settle in the rising channel, which originated in 2017. However, today we have seen a breakout of support and a decline.
Based on the RSI, the overbought decline can give a new impetus to growth, and, globally, we will see attempts to settle in the rising channel.
In case of a decline, the next pattern target can be 0.36. Intermediate targets at the top are 0.6; 0.75 and 0.96.
We currently recommend buying from the level of 0.42. The transaction target is 0.46 and 0,51.
Instead of a stop order, we would rather use "averaging", because the stop orders are being hunted. We will add levels for averaging to the update of ideas if the market continues to decline. Please, note that it is a high-risk transaction.
We are going to regularly update our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit.
Subscribe and follow our recommendations!
You are going to enjoy the results!
Trade closed: target reached
The transaction is executed. The take profit was triggered at 0,51. The profit per transaction is 18,96 %. Time in position 4 days.Trade active
The price has reached attractive speculative levels to buy. We recommend buying at 0,00006795. The target is 0.00007020.
The target may vary depending on the market situation. If it changes, we will update the recommendations!
Note
BTC/USD. We recommend buying at 0.4766596. The target is 0.51.
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