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Wednesday, 25 September 2019

Cryptocurrency Ripple: 25 September 2019, Wednesday

Cryptocurrency Ripple: 
25 September 2019, Wednesday
(Click on Technical Chart above to Expand)

Attached is the Technicals for the Ripple Cryptocurrency. The red circled region is where fake breakup occurred in low volume, easily going up, and thereafter lured in large amount of buy queues all over the world, and then getting dumped with short-sells with high volumes when the buy queues came in from the herd after the fake bullish break-ups. The blue circled region is where real breakdown occurred soon after the fake break-up. Collectively, this entire technical set-up is very bearish in nature. There were so many retailers and high volume of herd buying cryptocurrencies in the past 1-2 months, and when they do, the missile is locked in on them, the boat rocks, then sinks, then drowns.


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