Ripple $0.385 target and Ethereum-futures?
Updated
This is the craziest market the world has ever seen, but I love it.
What we see is a very clear tradingrange for Ripple.
BTC-futures will be launched on December 18th. My opinion is that we will see more volatity during December, as we have seen last couple days. Besides that, I think that the cryptomarket uptrend will continue.
What we see is that the crypto-market is maturing quicker and quicker. Why would it not be possible, that Ripple, Ethereum and DASH futures will be launced in the next 6 months? This situation will automatically lead to higher market levels and an even higher volotility, because of short-parties.
Well, because of the volatility, it is very likely that we will see another pullback of Ripple.
Buy: Between $0.202/0.21
Target 1: $0.28
Target 2: $0.385*
*If a day candle closes above $0.30 this target is valid.
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
What we see is a very clear tradingrange for Ripple.
BTC-futures will be launched on December 18th. My opinion is that we will see more volatity during December, as we have seen last couple days. Besides that, I think that the cryptomarket uptrend will continue.
What we see is that the crypto-market is maturing quicker and quicker. Why would it not be possible, that Ripple, Ethereum and DASH futures will be launced in the next 6 months? This situation will automatically lead to higher market levels and an even higher volotility, because of short-parties.
Well, because of the volatility, it is very likely that we will see another pullback of Ripple.
Buy: Between $0.202/0.21
Target 1: $0.28
Target 2: $0.385*
*If a day candle closes above $0.30 this target is valid.
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Note
No crash and the uptrend continues, as expected. Things are going fine.Note
We have almost reached our first target. I sold 33% of my position manually to protect my profits. I'll hold the rest of my position. Congratulations with your profits so far!Trade closed: target reached
We have reached target 1 :-) I'll keep you updated about target 2.Trade closed: target reached
Target 2 reached. We are trading around $0.46 now! Congratulations.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.