Pondering Out Loud re: Ripple versus USD versus BRICS versus Time, a Technical and Fundamental POV Part 3steemCreated with Sketch.

in Project HOPE7 months ago

I previously had given an a Technical Analysis back when the price was $.62 back on Aug.14th. A follow up was posted on with price going to $.50 back on Sept. 25th, and now lets see if my short call was a proper one, even though, remember you can short a pair just by being in the USD. No leverage needed.

...and you can read Pt 1 post here.
https://steemit.com/ripple/@jaimebetamax/pondering-out-loud-re-ripple-versus-usd-versus-brics-versus-time-a-technical-and-fundamental-pov

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...and then part 2 here.
https://steemit.com/brics/@jaimebetamax/pondering-out-loud-re-ripple-versus-usd-versus-brics-versus-time-a-technical-and-fundamental-pov-part-2

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As usual I am trading a daily chart only and that helps to have a slow moving price where I can take my time to decide on how to take a trade. Faster moving charts with lower timeframes aren't as easy to trade and allowing the price to overcome any indicator delays usually is done by slowing down the trading to begin with.

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As the price is currently $.54 and there is no news at all anymore about XRP and BRICS as much most of the digestion of the legal crypto saga proceeds I would assume that it will continue towards the bottom of the yearly sideways price movement and look for a buy around $.10-.35, nah actually I will just wait the buy signal..

The last buy on this chart was back in Jan '23 where if you would have responded to the one and only buy signal all year for the crypto. There were 3 sell signals across the year and you can see them in the red circles where the RSI was messed with, that was where to sell a position and wait for a new buy signal.

BTW once I get my Steem power up I will be able to delegate it to Project Hope for divs, help me out yall!

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