XRP rally towards new ATH
Updated
I wanted to share my thoughts about XRP short term and long term movement. To sum it up, we are bullish AF. This coin scamazed investors twice already and shook many people out and now the coin is unappealing to trade...or is it??
I couldn't give a crap about a court case or any bad news because, as the saying goes "show me the charts and I'll tell you the news". And currently, XRP among many other alts is looking like it's about to start an insane, unimaginable bull run (not financial advice :D).
Looking at the 4H timeframe we are in a strong up-trend and have found support on the 21 EMA. If you ask me, it's go time. It was weekend so volume is lower but in the next few days I expect increased volatility and hopefully we will soon finally see what altcoins are capable of. In those market conditions all technical analysis can become useless, I've literally seen coins go x10 in 2 weeks and I'm not in this market for anything else than that!
Even if we get rejected here, the long-term picture remains bullish. I just have a feeling we will see extreme market behaviour very soon.
Anyway, just thought I would let you know what I'm thinking in terms of XRP and other cryptocurrencies which have not done much compared to Bitcoin.
I wish you all successful trading and if you wish to learn more, upvote the post and follow me, it means a lot!
I couldn't give a crap about a court case or any bad news because, as the saying goes "show me the charts and I'll tell you the news". And currently, XRP among many other alts is looking like it's about to start an insane, unimaginable bull run (not financial advice :D).
Looking at the 4H timeframe we are in a strong up-trend and have found support on the 21 EMA. If you ask me, it's go time. It was weekend so volume is lower but in the next few days I expect increased volatility and hopefully we will soon finally see what altcoins are capable of. In those market conditions all technical analysis can become useless, I've literally seen coins go x10 in 2 weeks and I'm not in this market for anything else than that!
Even if we get rejected here, the long-term picture remains bullish. I just have a feeling we will see extreme market behaviour very soon.
Anyway, just thought I would let you know what I'm thinking in terms of XRP and other cryptocurrencies which have not done much compared to Bitcoin.
I wish you all successful trading and if you wish to learn more, upvote the post and follow me, it means a lot!
Note
Yesterday was a holiday so the stock market didn't open. During weekends and holidays we see lower volume which results in fake moves so I believe we will soon get some real action. Ripple still waiting for an explosion. Important support levels are 21 daily and weekly EMA, which are currently at 0.47$ and 0.40$. If we test them, I will be sure to have my buy orders ready.
Note
Still stacking up for the moonshot, patience pays :)Note
This dump could take us as low as 0.36$ and we still remain bullish so I will be looking at buy opportunities, not panic selling.
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