MG Network

our website isOn Vacation

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Has XRP/USD made an important long-term low?

Cryptocurrencies this week have drawn the attention of buyers and it seems that volatility is rising and we are close to a new trend starting. Most cryptocurrencies have broken short-term resistance levels and provided a bullish signal after a long time.

analytics61006c63490ff.jpg

Blue lines - Fibonacci retracement

XRPUSD has also broken out of its short-term bearish channel providing a the first reversal signal after a long time. XRPUSD is reversing from the 78.6% Fibonacci retracement of the entire upward move from December 2020 lows to April 2021 highs. It is too early to tell if price made a major low at recent lowest levels or this is just a short-term bounce in progress. Cryptocurrencies usually make deep pull backs after up trends and it is not strange to see a 78.6% retracement. Having this in mind, there are many chances that the low is in for XRPUSD.

The material has been provided by InstaForex Company - www.instaforex.com