The markets xrp broke below the0 .268478 support on august 27th but the bulls the bulls our bull runners purchased the dip to the 50-day simple moving average of 0.255 which suggests demand at lower levels
The most exciting point here is purchasing the lows setting your buy orders for these points right here at 24 cents and this is what we're doing at 22 cents at 19 cents and even at 17 cents and hey yes all the way all the way down to 14 to 15 cents right here see this is the exciting time to scoop up xrp when is it at a low because when you buy at the lows and it's proven to test even higher highs you know all the way up to look at this guys 50 cents one dollar two dollars even three dollars for xrp
You know you can see some significant gains so if people are wondering if now is a good time to purchase well it really depends and this is not financial advice here this is just merely my uh speculation of opinion here well it really depends are you holding for a few days are you day trading are you swing trading are you holding for years you're holding for years then absolutely absolutely it's incredible you know 10 cents doesn't make a difference when you miss the difference what i mean by that is this right here
I go to the wall street cheat sheet right now we're in the disbelief area you saw what happened in 2017 between the disbelief hope optimism belief thrill euphoria complacency anxiety denial panic anger just straight up depression for three years and now we're in the sucker is this just a suckers rally where it goes to disbelief again before hope happens we're really for the past five months for the past five months you know people are wondering if we're on a suckers rally is this just a suckers rally right here
You know this past five months five months right here it has to go and it has to re-correct and it has to hit disbelief there has to be a false flag because you gotta fool the masses right the masses move with emotion they don't move with logic they purchase and they buy based on emotion and they justify with logic and the wall street cheat sheet guide psychology of a market cycle just proves that you got to be smarter than the market even with ethereum looking at ethereum
Ethereum is a very pivotal pivotal point where it's looking to re-correct and break through see if i go ahead and break through in either positive or negative direction if i open up this right here and you look at this you're gonna see that at least three support re-tests have happened this is with the british pound in the u.s dollar
It break out and it's closed below it right so there's lower highs it's on a downward slope before the bears take over and it's very very similar to what's happening with ethereum right here now this support is not necessarily as flat as this example but is very close with lower highs on a downward slope expect it to break out in a the bears have more of an advantage here same thing with xrp the boar bears are more of an advantage here to retest these support levels that were last touch