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Thursday, 19 July 2018

Ripple (XRP) Technical Analysis 19 July 2018 - Is it right to buy now?

 Unknown     July 19, 2018     No comments   


xrpusd 19 07.PNG
Ripple is still following a falling wedge that is going on since the beginning of the year.
The price is at the bottom half and is quite far from forming a new high.
In this scenario, I prefer short positions, but the price is not very convenient at the moment, so I will wait for an opportunity to sell at the top of the wedge.

xrpusd indicators 19 07.PNG
Indicators also have a slight preference for short positions.
Follow me: @forex-intraday
Website: http://quoraforexquestions.com/
Legal Disclaimer: By viewing any material or using the information within this blog, you agree that it is general educational material and you will not hold anybody responsible for loss or damages resulting from the content provided here. Trading has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in currency markets. This article is neither a solicitation nor an offer to buy/sell any financial instrument.
Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
Past performance is not indicative of future results.





Prakash M
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