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XRP/USDT - so what happens next? Hello, Traders! The market reacted with the panic sell of XRP amid negative news about the SEC investigation into Ripple. The price momentarily reached $0.211 as a result of the execution of buyers' stop orders. At the moment, the market pressure on the asset is decreasing. We should not count on a v-shaped reversal. It takes a lot of time for consolidation, only after which growth is possible. The nearest levels of correction by Fibonacci are 0.382 ($ 0.3534) and 0.50 ($ 0.3979). In case if the negative flow has only a speculative character, the nearest strong resistance will be the level of $0.44 where the sellers' area of interest is. Watch out for the market and don't forget to place SL's. Merry Christmas to all of you!
by UnknownUnicorn10064030
1
A simple consideration on XRPI was a 4 year XRP holder before selling since SEC sued Ripple, I didn't sell for any reason (I also was unexperienced back then) and I regret it. Before going further I've to say that despite all the hate around this coin I love XRP because it's a good project, it's fast and easy to predict which makes it a good profit source, you just don't have to marry the coin like I wrongly did for so much time. I also have to say I don't care about coin projects, I think very few will be used in the future, the rest are just things on which we invest with the only purpose to make money. CURRENT SITUATION AND RISK: if you're reading this and you didn't sell before it's clearly too late to sell so I'm not gonna say "save what you can and let the ship sinks" because it'll be a bad advice. I think XRP have reached a strong support level on which bounced already, in order to break downward it'll take worse news than "SEC sued ripple" because that one has already exhausted its dumping effect. So, I think that in the short period there are no risk XRP will dump toward the 0.13$ support. FUTURE ACTIONS I don't know how much this lawsuit will take to be over, anyway in my opinion there are two cases scenario here: 1) SEC wins the lawsuit: in this case Ripple is over but this is a good occasion to short sell XRP. In case you'll be into XRP in loss and SEC will win I would sell even at loss in order to avoid a larger loss; 2) in XRP wins I'd suggest you all to jump in ASAP because it'll skyrocket and probably break 3 resistances in no time. Both cases justify whoever decided to sell before the collapse since with the money obtained they can go either way at the end of this story.
KRAKEN:XRPUSD
by Shotokhan
Heads up!So, I won't do this a third time but for the XRP Moon BoyZ out there we could possibly have a fourth Dolphin ; however in my experience Dolphins often don't stay in the air forever! Keep your raincoat near by I think your in the SPLASH ZONE ! LOL Well at the moment glad I went short at .65 IDK really after all this.. What are your thoughts? What is XRP good for??? -No advice just thoughts that I can't shake after the last 5 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
COINBASE:XRPUSDShort
by BradySWilliams
5
Ripple SEC ATTACKRipple is holding a strong support at .45c - We have added to our position within this level in the past. Ripple is being sued by the SEC - This happened before too many projects and usually ends in a small fine. There is always a chance this could end much worse and is important to keep this in mind as you are investing in XRP or have XRP holdings. This will be a huge decision for XRP future. This decision can decide the next price action - if we break .45 we will head to lower support levels such as the red support line we have drawn around .33 Cryptocurrencies are a high risk investment and must be treated as such.
BITFINEX:XRPUSD
by GlobalHealthWealth
2
Kin on a beast run once Bitcoin leads the packGuys this is only a speculative look at the possibility of the Kin platform on future Bitcoin peak price of $250,000 by the end of 2022 or the beginning of 2023. This is only my opinion and not to be taken as trading advice. Please manage your own risk and be cautious when investing into these platforms. I am using a pitchfan Fibonacci on this chart. I am also basing my opinion on the Kin fundamentals and how they are building out their platform and taking into consideration the ongoing Sec fight. Personally, I am not concerned with this Sec fight as Kin is a decentralized platform and well equipped to maintain this position free from outside source control. Yes, Kin could see a possible fine or a settlement of some sort or they can actually win this case in court and set a precedent on the Howey test used by the Sec for Security (stock) positions.
HITBTC:KINUSDLong
by altcoinb
2
SNAP PredictionSince the election is less than a week away & uncertainty continues to grow due to COVID, I believe SNAP will have no choice but to pullback & fill the gap from earnings last week. Not only is it extremely overvalued, but I don't see it as a good hedge against a possible market correction in the near-term future. The only thing holding it between this 40-42 level, in my opinion, is the overconfidence of investors in the social media sector, however, volume has been steadily decreasing this past week. Another possible reason it's been holding up against a bearish market could be some form of manipulation, but I'm not sure. Heavy open interest with Oct. 30 call & put options is sitting between this key level as well, so that could be a reason for manipulation to eat away at premiums, but of course this is just me speculating. Other than lowered volume, major overextension on the RSI, crossing below VWAP, crossing below EMA20 this morning, & no actual support anywhere near the current valuation, I don't see any technicals pointing toward it becoming bullish. Let me know your thoughts.
NYSE:SNAPShort
by r1chAl
7
Scooped some shares at 18,20 expect a sharp rebound This enquiry is an other pressure the US is using on Chinese companies but it will take ages to get the conclusions so selling at 15% discount after an excellent earnings is a blessing So thank you for this opportunity and watch it come back very soon So funny a short seller spreading rumours and win huge money so easily I mean if you have a sharp fall of 15% in one day and hold put option out the money with a 10% leverage then you double or more your money for nothing just based on rumours and investigation Next BABA will break out for sure unless US hit baba in some ways BUT HOLD TIGHT with these technology gems so much cheaper than in US , their time will come
NASDAQ:IQLong
by PhilippeDelpCFA
Talking about fundamentals - KADENA (KDA) - JP Morgan + coinbasePer title... kadena is still unable to purchase by US investors. This is the best time to buy it for long term!! At least 10X - 1000X. Why? Current MC - 20 million ONLY PRESALES was about 70cents Kadena team is from JP MORGAN, has SEC connections, is in listing list by COINBASE. Kadena is currently finding an exchange for US Traders... coinbase might be a great fit? Nice... What more... Kadena has a partner 30 billion fund.. they are working on hard assets. Kadena is already on AWS + AZURE . Kadena will be on mining till over 100 years later when the last coin are mined, just like bitcoin. Kadena has smart contract capabilities just like Ethereum. Kadena is a hybrid blockchain. Noone has ever built this. See you on the moon.
Long
by meowoao
I couldn't resist rolling the diceI rolled the dice on a far out-of-the-money July 31 Tesla put this afternoon after Elon Musk tweeted at the SEC to suck his cock. If I'm wrong, it's no big deal to lose $60. If I'm right, maybe I'll make a quick c-note when news of an accounting fraud investigation breaks. Possibly relevant: www.valuewalk.com twitter.com Tesla is also under investigation by the NHTSA for allegedly covering up an issue with their battery cooling system that they knew could set the car on fire. My put might pay off if that investigation were to turn something up, too. On top of all that, Tesla shot up over the last few days on hype around its delivery numbers. So we may be in the "sell the news" part of the stock's cycle as we head into next week. I promised myself I would never short this stock, but what can I say? I'm an inveterate gambler, apparently. XD
NASDAQ:TSLAShort
by ChristopherCarrollSmith
21
GSFI Long Term GainI've been keeping my eye on this stock for little bit now and in my opinion has a huge upside potential for the following reason... This is fairly new sector in the stock market which is one reason for the huge upside potential. They recently filed with the SEC... finance.yahoo.com twitter.com twitter.com Famed Architect Anthony Morali Joins Green Stream Holdings Inc Board of... Solar Stock News: Green Stream Holdings GSFI Executes Agreement To Build And Lease Out Multiple Solar Farms In A Joint Venture With Morali Architects Feel free to share your ideas as well
OTC:GSFILong
by Julian83001
2
Luckin's not Lucky...Breaking today, Lukin's COO (Jian Liu) said to have fabricated sales in a massive overstatement of 2019 revs. But by how much? Previously stated sales in 2019 were 2.9 billion yuan ($413 million). Overstated 2019 sales by about 2.2 billion yuan ($310 million). So essentially... -75.86 % of their revenue was overstated! Incredibly surprising... but this goes to show how easy it is to obfuscate information and not have someone follow up with fundamental research. Worrisome for the region as well.
LShort
by CrosbyVenture
4
SEC Action, Telegram Responds to InvestorsSEC Action, Telegram Responds to Investors TON (Telegram Open Network) has been trying to get feedback from the SEC (Securities and Exchange Commission) of the United States for 18 months now. And this is about the TON blockchain and how it does not agree with the recent action. In addition to that, TON developers gave a response to its investors. And this happened after American regulators abruptly reported its $1.7 billion token sales became illegal. The Ton letter stated, “We were surprised and disappointed that the SEC chose to file the lawsuit under these circumstances.” The letter also showed how the firm disagrees with the legal position of the SEC. Moreover, the company assured them they are assessing further the best possible ways to resolve the situation. Of course, in the interest of the relevant parties. And this includes, but not limited to, evaluating if they would delay the launch date. The SEC deemed Telegram’s initial coin offering (ICO) illegal. After that, it filed a temporary restraining order, which set a court hearing in New York for October 24. Then, Nathaniel Popper, New York Times tech reporter, tweeted on October 12 to indicate the involvement of high-profile investors in Telegram’s $1.7 billion ICO. And it includes Benchmark, Sequoia, and Lightspeed. Popper wrote, “The SEC’s move to shut down Telegram’s crypto project raises questions about the big venture capital firm that gave it $1.7 billion and convicted themselves that it would pass regulatory muster.” Previously, a private Telegram channel for TON investors got rid of all posts from the past. Also, it declared that it would take a break amid the heightened level of regulatory uncertainty. Crypto Market: Bitcoin Bounced On Sunday, Bitcoin (BTC) further bounced around the $8,400 price mark. On the other hand, most of the top-20 coins by market capitalization showed little gains. Aside from that, crypto markets are seeing slight gains — most within a tight range of 1-2%. Binance Coin (BNB) is the one who stood out the most and is boosting over 7.5%.
CRYPTOCAP:BTC
by Financebroker
Bitcoin is growing, the ruble is falling, May gave upTuesday, compared with Monday, turned out to be much calmer in most financial markets. With the exception of the cryptocurrency market. There was a strong surge of optimism, resulting in a sharp increase in Bitcoin. For some time, the cryptocurrency was even quoted above 5,000, which was not the case since November 2018. The growth rate of Bitcoin reached 23% yesterday. What about the reasons for growth, analysts shrug. There were no special reasons for this. It just looks like a planned attack, which, in view of the relatively low liquidity and market volume, was crowned with success. Some traders, however, suggest that such a rapid growth of cryptocurrency was associated with an April Fool's joke, according to which the US Securities and Exchange Commission (SEC) allowed Bitcoin ETF trading. We do not recommend encouraging about this and rushing to buy cryptocurrency, because the lack of a proper fundamental base under growth signals in favor of a quick “return”. So we consider yesterday's growth of Bitcoin as a good opportunity for more expensive sales and quick earnings. Brexit. May gave up and acknowledged that there is no point insisting on the current version of the contract. In the end, she said she wants to develop a new approach to Brexit, together with the leader of the Labor Party, Jeremy Corbyn. Apparently, Theresa May’s new plan will be some combination of her exit agreement and a variant of the customs union, advocated by Corbyn. Recall that the alternative to this is the extension of the Brexit's terms for a long time. Analysts of the Goldman Sachs Group meanwhile predict a quick resolution of the problems and predict a pound growth. In their opinion, buying pounds can be the most profitable trade among all possible options for trading with currencies of developed countries. Note that we recommend buying the pound for quite some time and we do not plan to change our recommendation. The ruble continues to be under pressure. The threat of new sanctions does not allow buyers to relax, and the attractiveness of the ruble from the position of "carry-trade" has recently dropped sharply. The reason is the same - an increase in the risk component in the form of new sanctions has sharply reduced the “attractiveness” of the “carry trade” with the ruble. It is much easier in this regard to work with Indian rupee, Mexican peso or Turkish lira. From yesterday's macroeconomic statistics, it is worth noting perhaps the weak data on goods for durable orders in the United States (down 1.6%). About the oil markets. OPEC reduced oil production by another 295K b / d in March, and the Iranian Minister of Petroleum Industry announced that OPEC + could be extended without any problems in June. Recall, we recommend buying oil on the intraday basis.
Long
by Trade24Fx