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Showing posts with the label cryptocurrency

bitcoin is up 13% and there is a room for more

As mentioned in previous post , bitcoin is completing its bullish trend. There is enormous postivity around bitcoin. Jack dorsey ,ceo of square and twitter said in a recent interview that" bitcoin will bring global peace"  Elon musk advised jack dorsey to start accepting bitcoin for payments on twitter platform. Technicaly speaking , we should see bitcoin back to 45 to 50k anytime soon. Likewise , altcoins will get a boost from the recent bullishness in bitcoin and will surge atleast 70 to 80% . HERE is a list of 5 crypto currencies that you can start investing in now and expect a big return within short period.

Etherum technical analysis 3 dec 2018

Etherum is currently trading at 112$ . it has been trading in a very narrow range for the last week. Between 107$ and 117$ , a break below any will start a new minor trend. If you are willing to take a 1:1 risk/reward trade , you can sell at current level 112$ , with tp around 104$ and stop loss on a break above 117$ .

Liberty Credits : LBC Make or break day

$lbc is testing a rising trend-line and if we break it , we will just continue falling. In case we see a rebound from here , we might retest 80 cents area again. Next support if this trend-line broken will be 25 cents , next resistance will be 70 cents to 85 cents. My recommendation , is going long from here and targeting 2.30 $

Ripple : Rebounds from 1.05$

Ripple ($XRP) fall to lows of 1.05$ where it found critical support and rebound to 1.11$ at the moment of writing. Yesterday XRP broke below the bullish trend-line and broke the double bottom at 1.14$ . Last line of defense mentioned in earlier post managed to give the pair some support. Currently the pair might face some resistance at 1.14$ (previous support turned into resistance) and we have 1.25$ as break or make critical area. it will of great resistance which if broken will create a strong bullish trend.

Ripple : Bullish Trend-line will be retested

Ripple ($XRP) broke below the bullish trend line on the 1h chart and fall to 1.15$ close to our earlier mentioned critical support at 1.14$ where it formed double bottom. If we break below that level , the sentiment will be extremely bearish. We will have a chance of retesting the broken bullish trend-line and the intact bearish trend-line at 1.25$ as show below. If we manage to break that area successfully , $XRP will turn into bullish trend and possible rally towards 2.30$ area. Keep following for updates..

Ripple broke the bullish Trendline

Ripple ($XRP) broke the trendline which was supporting the pair so far. Currently trading 1.17$ Be careful ,as we might now break the 1.14$ critical support and might dip to 1.05$ if broken. I prefer waiting till we break the bearish trend-line. Keep following for updates.

Ripple : Breakout within 48 hours

Ripple (XRP) is supported by a rising trend-line and is close to a break either upside or downside , hours will tell. We must see a break within the coming 48 hours. A break to the downside will put extreme pressure on the critical support area at 1.14$ which might be broken then. Next support will be at 1.05$ The pair will face some resistance on the upside before a break up at 200 MA on the 1h chart which currently lies at 1.30$ . Ultimate target before a real break out and beginning of another bull trend will be testing of 2.30$ area. Keep following for updates.

Ripple : XRP Supported by Rising Trend line

XRP/USDT tested the rising trend line at 1.25$ and currently rebounding to 1.27$ , Stay long till we test bearish trend line again possibly at 1.34$. Ripple has tested the bearish trend line earlier but failed to break and as I mentioned earlier we are currently witnessing a war between the bulls (rising trend line ) and bears with bearish trend line. The angle lies at 1.30$ where it will forced to break either direction.So  stay long unless we break below the rising trend-line , next support will be 1.14$. Keep following for updates.

Ripple (XRP) : Broken Trend line Retested

Earlier today , Ripple ($XRP) broke a bearish trendline on the 30 minutes chart and trading over the 200 MA with eyes on 1.55$ area as first target. The pair is retesting the broken trend line at 1.27$ area and if successfully rebounds , then no doubt we will see a 20% rally today . So for the moment keep your eyes on 1.27$ on the 30 minutes chart.

Ripple Broke another trendline

Ripple (XRP) broke the next bearish trend line and is rallying again to 1.3060$ . Now next real resistance will be around 2.30$ and it looks like there is a hot volatility in the market today and the market cap increased by 50 million dollars in just half hour. We are still long until we close below 1.05$ and I am now certain 80% that we will not see that level again before we test the broken bullish trend line . The pair is currently trading stably above the 200 SMA.

XRP (ripple) is about to rally-

XRP/USD (ripple) is about to rally , first resistance will be around 1.36$ then we have clear way to 2$ in the next few hours. Lets keep an eye on how things will develop and I will let you know if this trade recommendation proves wrong. For now , we are still on the bright side holding breath for a fast rally. Fasten your seat belts and book in 60% gain this week.