See Above! Good solid volume to the upside due to the reentry of Europe to Bitcoin. With Exception to China, all other nations are recognizing this is here to stay and will adopt a regulatory framework that all can abide by. Recently, an the Center on Sanctions of Illicit Finance and others have found that cryptos can be used for nefarious activities but by in large they are far fewer in monetary values as compared to traditional money laundering through fiat banks. All good news for the industry! Safe investing!
You can see my twitter post at @cryptoedugrsac and you can download the recent report from the CSIF.
Goods stuff and not to heady or long.
Oh and check out the new MACD indicator by Chriss Moody. This rocks the world!
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Almost perfect retest! Cup Pattern is forming tto the upside!
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If there is a retracement, look for the structure at 1.05-1.07 and .98-Keeping it simple!
Yes, that could be a resistance or "double top" or other patterns too. XRP does have a habit of 10-20 point gains only to retrace. But in using the 200 EMA and 100EMA, XRP is holding above those lines with closed candles on the daily. That's a good sign. I believe this little run will lead us into consolidation before a trend develops.
I hope that helps!
gusccbb
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@ramonbenavides12, Thanks for your explanation. I hope it's just a small stone on the road.
rsatzerro
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so you think xrp will test 1.20 line or can go over
It might but at present beginning to show weakness. Asia is on holiday but markets, if they open will start in two hours... I think they will take this farther!