HEY TRADERS, I RECENTLY DISCOVERED THE USEFULNESS OF THE MOVING AVG EXPONENTIAL TOOL THANKS TO A CLOSE FRIEND OF MINE. SO I THOUGHT I'D APPLY IT TO RIPPLE FIRST TO SEE HOW YOU GUYS LIKE IT. HERE'S A FEW BASICS ON HOW TO INTERPRET THE RIBBONS. BE SURE TO READ EVERYTHING FOR MAX BENEFITS.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
RIBBON GENERALITIES: + IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND + IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND + MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE + COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
RIPPLE ANALYSIS: + IN OUR CASE, IT LOOKS LIKE THE RIBBONS ARE CLOSING IN ON EACH OTHER (PRESSURE BUILDUP). + MY PREDICTION IS THAT THERE WILL BE A HUGE UP OR DOWN EXPLOSION COMING WITHIN THE NEXT 2 DAYS. + IF YELLOW LINE IS ABOVE RED LINE, UP EXPLOSION WILL OCCUR. + IF RED LINE IS ABOVE YELLOW, DOWN EXPLOSION WILL OCCUR.
I'LL UPDATE THIS FEED AS NEEDED. WAS THIS ANALYSIS HELPFUL? PLEASE SHARE YOUR THOUGHTS BELOW! HAPPY HUNTING MY FRIENDS <;
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WE ARE GOING TO SEE HUGE UPTREND WITHIN THE DAY. STAY FROSTY MY FRIENDS, THIS IS A SELL OPPORTUNITY OR BUY-IN RIGHT NOW OPPORTUNITY FOR A QUICK BUCK.
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WE WILL DEFINITELY SEE NEW HIGHS
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~$1.30
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we are very close to target price of $1.30. at this point it would be wise to take some profits, whatever you think is appropriate for your special case.
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PRICE MAY STILL REBOUND FROM $1.15 SUPPORT LINE FOR MORE PROFIT OPPORTUNITIES
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PRICE DID REBOUND, WE NOW HAVE NEW SUPPORT AT $1.15 SO WE MAY CRACK THAT $1.4 TARGET.
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WE CRACKED IT! CURRENTLY AT $1.45! PROFIT MY FRIENDS. WHO KNOWS WHAT WILL HAPPEN NEXT. UNLESS WE BREAK $1.26 I THINK PRICE SHOULD CONTINUE GENERAL UPTREND
interesting I always wondered what those weird orange rainbows were, now I know
zzavada
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interesting take I have never used this! great knowledge! mine checkingmy idea out
BladeCatcher2049
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@zzavada, thank you! as for your graph, i don't do analysis like this. but maybe it will still predict same thing.
cyberholz
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So you think the $1.5 target is still with this wave, or rather a next wave after some consolidation?
BladeCatcher2049
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@cyberholz, rainbow seems to be warming up to an uptrend still. i think we still have an opportunity to reach $1.3+
CHagans94
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As always spot on! But verifications for these exchange take a long time missing out :(
MohammadNaeem
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I really like your analysis. Should we sell at 1.30 and buy back at a lower point?
BladeCatcher2049
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@MohammadNaeem, glad i can help. it depends what kind of profits you'd be happy with. I'd say create several targets and sell off a portion of your investments as each target is hit. there's been other predictions that we may reach highs of 1.50...but i can't confirm this
MohammadNaeem
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@zeffgotti, thx for the reply. I had bought in @ 3 diff price points. $.86, $.99 and $1.07. my though was to sell off the 86 and 99 cent buys for maximum profit, buy again at a lower point and then hit again at the next level. what are your thoughts on the buy back point if we were to sell at 1.30?
I have seen the analysis of others claiming 1.50, but not very convincing though.
BladeCatcher2049
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@MohammadNaeem, no problem. honestly I'd hold on XRP. once this coin hits CoinBase then that's when the real fun begins. but they may not happen for another 4-6 months. the price will definitely come down again, but the time frame of when that will be is anyone's guess. take a little profit, hold the rest and check back with me for a prediction on when XRP will dip for a buy-back on a future post