RIPPLE NARRATIVE CONTINUATION. BUY THE DIP?
Coin Telelgraph
GOOD EVENING STEEMIT!
What a weekend it’s been. Life at the moment is treating me pretty well so here’s to keeping the good times rolling!
As a result, I’m Steemit blogging from my phone so forgive me if today’s charts don’t look as crisp as usual. Either way, Steemit NEEDS simple mobile compatibility to take its next step, so this is a good chance for me to try out what it can do.
I’m back with another look at Ripple today. It’s a nice continuation of the narrative we’ve been following and the following mobile TradingView app charts are a prime example of buying the dip.
XRP/USD Daily
First up, I’ve includes the Ripple daily chart for context. As you can see, this is a huge momentum breakout and I am obviously using the word ‘dip’ with some poetic license.
A proper dip is of course something like a retest of the breakout resistance as support, but in this current market and in this particular coin, I think there’s probably more upside before dipping anywhere near as much as that.
XRP/USD Hourly
So with momentum in mind, zoom into an hourly chart and price is currently retesting the first sign of resistance on the way up, this time as support.
Look at the price action. It’s definitely being respected as a level.
Could this be the dip to buy more Ripple? Leave me a comment and share a chart of your own. Let’s start the conversation properly! :)
See you around!
Peace.
Instagram: @forexbrokr
Website: www.forexbrokr.com
Why the fuck would you buy ripple? It literally goes against the whole idea of decentralised markets. Ripple is a noob coin.
Totally agree with you @simondocherty
It’s not too late to buy the dip back into previous resistance turned support. Don’t be too bitter xx
Levels mate. All about the levels!
Thanks for the take on Ripple!
Glad to know everything is going great!
This has been a booming week for crypto.
Cheers!
No worries and thanks for the support :) It’s appreciated!
Mate.. next ATH for ripple where do u see it... are we talking within 2017 for this raise
Charts look fine, mate. Looking for more upside on this one too!
Well doing this on my mobile was really quick and easy so if the charts do display fine, great work Steemit devs!
Very nice photo... You're perfect.. Well done
Haha, sure thing :P
Brother. i bought XRP at $0.56 and sold at $0.75. then i bought twice as much at $0.8 (still wondering why i did that) anyways i am holding on to that position. I think it will rise up further. just dont know when. (Its dangling between .70 and .75 and matter of time it will either break out upwards or downwards. i dont see anything shady in the news. so more likely will go up. with all the new money pouring in from around the world everything is going up...