Ripple Index analysis. Find the similiar structure on XRPUSD chart. I add XRPEUR, XRPGBP, XRPJPY for more accurate evaluation of real value of this thing.
Seems like this crypto "asset" is approaching its death! Very strong bearish breakout candle.
It exhibits similiar structure as BITCOIN for which I also predicted a bearish move that occured and will continue.
There are a few more factors for bearish stance. I will not specify all. I dont trade this. Just posting it for crypto community.
Remember guys whne you trade, you dont trade XRPUSD, GBPUSD, NZDUSD whatever PAIR. Such things (pairs) do not exist on their own.
You trade the DIFFERENCE (THE SPREAD) between the values of X and X.
As always, this is not financial advise.
Seems like this crypto "asset" is approaching its death! Very strong bearish breakout candle.
It exhibits similiar structure as BITCOIN for which I also predicted a bearish move that occured and will continue.
There are a few more factors for bearish stance. I will not specify all. I dont trade this. Just posting it for crypto community.
Remember guys whne you trade, you dont trade XRPUSD, GBPUSD, NZDUSD whatever PAIR. Such things (pairs) do not exist on their own.
You trade the DIFFERENCE (THE SPREAD) between the values of X and X.
As always, this is not financial advise.