I ask why traders believe in a sudden increase in price? Is it based on sound evidence or mere hopes? Swell produced nothing note worthy, not even the Gates Foundation news. There is no real.. sound evidence or reason why Ripple should increase. I believe its going to be stuck at a stable price below $0.20, and just trade there slowly. I don't think we'll see $0.30, not for a while. Traders and investors are shaken.
@AkashGaur - After Ripple broke our confidence, we dumped everything. And it looks like lots of other traders are doing the same. I think that slow decline to $0.12-.14 you posted is right, and it will be stuck there and trade there for a long time. Ripple has no reason to "skyrocket" other than peoples hopes and dreams. Lots of these traders are under, thats why I think they want it to go up
@BankofEngland, glad i am not getting the heat anymore. This can stay there for a very long time but there is atleast one more wave up. We dont know how long that is gonna take but there was nothing to buy it before 12-14 cents . This is something that you would just buy and forget . People attacking me left right and center calling me a "forexer" who doesnt know whales and what not. All id say is that the only whales you should worry about is in mobydick.
@BankofEngland, This guy is trying be technically sound even the the trendline is incorrect. This is what investopedia says "A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price" . Here we have no lower lows but the trendline is drawn because the guy has money invested in this instrument.