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Ripple crypto market, the only one showing some action
Ripple crypto market, the only one showing some action
Trading

Ripple crypto market, the only one showing some action

By Federico Izzi - 24 Oct 2018

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In the last 24 hours, only Ripple tries to revive the crypto market. The volumes indicate a movement of fewer than 9 billion dollars, of which half traded by the first three of the ranking: bitcoin (BTC), ethereum (ETH) and ripple (XRP).

In the top 20, there are no interesting price movements. Only ripple (XRP) stands out with a 4% increase from yesterday afternoon’s levels. The particular and anomalous lateral phase that is characterizing the last month shows a context where small movements are enough to cause percentage changes above the average of the last days.

Source: https://it.tradingview.com/symbols/XRPUSD/

This is the case of Ripple (XRP), which despite today’s 4% rise, the best of the top 20 on the list, continues to remain below the resistance of 50 cents, a threshold of medium to long-term, violated upward in mid-September but which now has absorbed the movement started in the early days of October.

Source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

The prices try to hold the threshold of 6000 dollars. The low volatility at historical lows continues to give no reliable operational indication useful to identify important turning-point areas. The levels that need to be monitored remain unchanged: upwards $6750-6800 – downwards $6450-6200.

Source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Even for Ether, prices have remained locked in a small range of $10 dollars for a week now. The only positive note is the technical and psychological support of the 200 dollars. To get back into a bullish phase it is necessary the return over 230 dollars. Sinking below $190 would open up worrying downward movements.

  

 

Federico Izzi
Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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