MG Network

something big isHappening!

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*

XRPUSD could start the week with a short-term pull back

XRPUSD has risen the last few days from $0.51 to $0.75. Price has now formed a wedge pattern that if broken downwards will justify a retracement in price.

analytics6106b721ec66d.jpg

Blue lines- wedge pattern

XRPUSD has formed a wedge pattern and combined with lower highs by the RSI (bearish divergence) is a combination that justifies an imminent pull back. If price breaks below and out of the wedge pattern, I expect XRPUSD to pull back towards $0.66. This is not necessary to happy but technically it is justified. Bulls need to be cautious.

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