hi guys. in crypto world, we see lots of hope. especially, ripple.
people, buy at 0.25 dollar range, but it does not move so great. at the moment, price is capped, along the downtrend line, which could give a little pump upwards.
however, not great. compare that to EOS now. i am trading eos so great now, move is nice.
because why. because eos has hardfork on september 23rd.
then obviously, we have to assume coin moves on events. xrp, too.
xrp has swell conference november 7th.
it will move 2~3weeks in prior to that. that means, now, do not waste time buying ripple.
ripple needs long time consolidating, in weekly candles, before making great move.
buy ripple:october 10th~15th range(maybe little before, if cautious, but it will make bottom before making run)
sell ripple:october 29~31th one week prior to swell.
november 1th~7th. ripple consolidation time around high area.
november 7th~november 30th. ripple retrace time. margin short from high for 2~3 weeks.
so easy!
targets, no idea but we can think about 0.39 dollar area where weekly ichimoku baseline is at.
so don't waste time dealing with ripple. buy time will come.
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guys, i just noticed that the keynote speaker of swell conference is a professor from chicago univ. the weight is different from the past, which, will not pump price so hard. last times the event had high figures in government. so this trade plan can be just an idea, we will see.
39,777,367 XRP dumped yesterday. Enjoy being robbed by a billionaire.
Kerbifer
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Pump and dump scheme is in the 'dump' cycle. Dilution time. People are waking up to it, and the fake 'big partnership' paid news cycle before a dump/circulation increase.
The pump is broken, people are watching closely now, but the billionaire CEO continues to dump.
Turningmecard
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@Kerbifer, i noticed. well, swell event will compensate some of that.
Kerbifer
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@Turningmecard, I don't think Swell will help. There have been some 'big announcements' recently, and the price has continued to dump, even between the circulation increases. Everyone knows the hype/announcements scam, now. So it's not working.
NoobOfTheMonth
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I too draw this long diagonal resistance line on XRPEUR. A fourth touch and reversal may be possible, yes. Also possible break through and retest, like with the lower resistance line.