RE: Steemjet Records Logo Contest - 5,000 STEEM in prizes + "STEEM HIGH" Logo Contest Results
Hello steemians and the steemjet crypto spaceforce. I am here to offer and to serve you guys and by giving you cryptocurrency education. I will do this by giving out the valid information of cryptocurrency analysis on:
- which coin you are to buy and sell.
- when to buy and when to sell
- day trading (Long term and short term)
- crypto investments
Let me start by giving you the PROOF OF WORK(POW- Of what I can offer)
Ripple Price Analysis: Short-Terms Longs could soon be very Amazing
Disclaimer:
This article is not financial advice. The author is not a financial advisor and this article was not paid for.
Fundamental Analysis
For those that have not noticed, Ripple has been in the midst of a media blitz for the entire day.
Here is a list of all the media content produced in relation to Ripple in just the last 24 hours:
https://www.reddit.com/r/Ripple/comments/97spcr/binance_ceo_met_with_ripple_svp_xrpthebase/
https://ambcrypto.com/ripple-collaborates-with-cargills-bank-a-promising-change-for-sri-lanka/
https://coingape.com/ripple-penetrate-china-billion-dollar-market-mercury-fx/
The topics of these articles (in order) are:
The summary of the headlines of the link shared has been given below:
Ripple meets with Binance’s CEO.
Ripple outlines the ‘gold standard’ of crypto exchanges that are best to trade Ripple with.
Ripple creates some sort of collaboration with the Cargills Bank in Sri Lanka.
Ripple is now targeting China for expansion.
Ripple CTO somehow posited the idea of blockchain tech two decades before Satoshi.
Ripple introduces more nodes onto their network to further “decentralize” the data.
Since none of the news is necessarily latebreaking in the sense of it being something critically important, I’d imagine this is probably a PR push by Ripple.
This makes sense given how much the price of the currency has been smashed.
Obviously, most people won’t be reading the news with that in mind, and will more than likely be thinking “Woah, that’s very bullish! The price of Ripple is down. Perhaps I should grab some now” <- which could potentially make it a solid scalp option for the day.
Let’s look at the charts for it.
Technical Analysis
Ripple Price Analysis
As you can see, the price of $XRP has appreciated by 8.86% since midnight (EST; GMT-4) August 16th. That’s notable.
Still looking fairly strong on the 1H chart as well RSI-wise (RSI-14).
Flat top on the 15 min. Break out would be good news.
Sooner or later something will have to happen for it.
Conclusion
If the price of bitcoin continues to consolidate this could be good news for $XRP. I’d put a soft long in here with a S/L to protect me. No more than 25% of my portfolio with an adjusted 4–5% risk.
Okay that is for the analysis I have for you today.
@dimimp I need you to give this account atleast 30,000 SP because this account will be teaching indiscriminately about cryptocurrencies to the steemjet spaceforce.
I understand that steemjet strategic goal has changes from promoting steem to promoting cryptos generally and that is why I came up with this initiative and I need you to fund it so that theses ideas can blossom to it's apogee.
I am a youth who has the time to do these researches but now that I am here on steemjet I think I am going to need the fund to teach our friends around.
I am literally gonna stick around steemjet for as long as I can, probably for a lifetime to carry the steemjet spaceforce along with my ideas and education on cryptos.
So dimimp I don't think you would love to see any good idea like this die away on steemjet. That is why I need you to help me fund this initiative with 30,000SP so that it will encourage me to teach indiscriminately.
I need you to trust and support me @dimimp I can do this.
More ideas by me will come to steemjet very soon.
Thank you very much
Long live steemjet