Ripple (XRP) Long-term Trend Analysis. Which Direction Now?
I've been long
XRPBTC
since November of 2017. It's pretty different than other cryptos, at least in a sense. The long-term goals of bringing efficiencies to the bloated traditional financial industry, in my opinion, means that
XRPBTC
has nowhere to go but up in the long run. We've seen major movements as
XRPBTC
rapidly moves on the charts, making it very difficult to predict prices movements. So as someone that looks long-term on this trade, I'm not looking to trade every little movement, but the longer trends that we can see using volume spikes and moving averages. The cross that we saw on the 10th did not have the volume behind it that previous crosses have had and the price is right around the initial cross point.
I'm going to keep an eye on
XRPBTC
here. I'm not convinced that we'll rally again, only time will tell.
I'd like to hear your thoughts on
XRPBTC
! Will we see a rally or are we going to see a dip? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
XRPBTC
since November of 2017. It's pretty different than other cryptos, at least in a sense. The long-term goals of bringing efficiencies to the bloated traditional financial industry, in my opinion, means that
XRPBTC
has nowhere to go but up in the long run. We've seen major movements as
XRPBTC
rapidly moves on the charts, making it very difficult to predict prices movements. So as someone that looks long-term on this trade, I'm not looking to trade every little movement, but the longer trends that we can see using volume spikes and moving averages. The cross that we saw on the 10th did not have the volume behind it that previous crosses have had and the price is right around the initial cross point. I'm going to keep an eye on
XRPBTC
here. I'm not convinced that we'll rally again, only time will tell. I'd like to hear your thoughts on
XRPBTC
! Will we see a rally or are we going to see a dip? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
評論:
We're still below the long-term moving average, so I'm still waiting to see how the next day or two pans out. The BTC rally may be contributing to a lower XRP price, but for now it looks like we're seeing a sideways market.
評論:
As I worried, we're seeing a downtrend established here. The short-term moving average has fallen below the long-term moving average. Until this reverses at a near-90 degree angle, I'll be holding out on this trade.
評論:
It looks like we either leveled out or are slightly down from yesterday. I think this is because of the BTC rally, nearly every major coin is slightly down.
評論:
I see a clear short-term downtrend. I'm looking for the short-term average to aggressively break the long-term average with significant volume.
交易進行:
I'm seeing oversold here. Based on past behavior, we've seen a sharp rebound up followed by a further downtrend. I don't think this is a long-term hold yet, but it is short-term.