Ripple has good potential to move up from here as long as it can break above EMA10 and remain above today’s low (0.00004121).
Targets are marked with green lines on the chart.
The brown line at the bottom is the stop-loss.
Get ready for action…
BUY: 0.00004300 – 0.00004600
NEXT SUPPORT: 0.00004150
STOP: Close weekly below 0.00003800.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.