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MARKETS UPDATE!

Hello our dear investors and partners!

Here's a XRP USD chart on a 4 hour time-frame. After posting the BTC analysis and knowing that the BTC dominance has raised tremendously (around 70%) we would liked to make an update about how that can affect XRP.

While having a slow week so far, xrp has managed to keep moving in-between 2 key levels 0.265 and 0.255.
The price is currently sitting just above the .255 support which is actually correlating well with the 10150 level from the BTC article that I posted yesterday.
It made a small push to the upside just like BTC did, and it now came back to test this level one more time, thus forming a small ascending trend-line which it looks like its holding pretty good so far.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

FRESH NEWS FROM COINEX TRADE PLATFORM!

Hello our dear investors and partners!

After last week's surge from the trend-line that was covered, lets look for other opportunities to profit off the market.
Keeping this on the daily time-frame only as the weekly time-frame has already been covered on the prior analysis, so let's get to it.

After that third touch of the trend-line at the 9600 region the price spiked all the way up to 10700 where it is currently being traded. This move resulted with a break above a very important intra-day level of resistance which I high-lightened with blue. This also looks like a H/S pattern still to be unfolded but as long as we maintain to stay above this level we should be headed towards 12000 region.

The Head and Shoulder pattern will only be taken into the consideration if we reverse back down towards the neckline.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

CRYPTOCURRENCY MARKET UPDATE!

Hello our dear investors and partners!

Keeping it plain and simple on the $XRP chart. Since there's not much prior data history on this one we will be analyzing the Weekly and Daily time-frame for long term targets.
So, as you can already tell the last week's bearish movement resulted in XRP breaking below the weekly trend line that was never really been broken before. Which took us to the likes of .25 cents in a single movement and immediately reversed and closed back above the 29 cents baseline.
Even though this looks like XRP is going to continue bleeding, movements like this are very common on the Crypto sphere, so we'll have to look for both long and short term confirmations.

On the weekly, after that huge manipulative spike we anticipated last week, this week's candle closure will be decisive for us to know the continuation of the trend.
If we manage to close above the baseline then we can see XRP continue climbing higher towards the trend-line we just broke.
If we fail to do so then the price will continue to move back and forth in-between 29 and 25 cents, we don't see it to go lower than this because below the 25 support region we don't have enough historical data, which means if we break above this support we could melt towards 19 cents and lower, and that does not look possible and healthy for the market we're in to.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

XRP MARKET UPDATE!

Hello our dear investors and partners!

Since BTC is moving in sync with our prior analysis, our cryptocurrency trading team wanted to do an update on XRP.
Here you will find a side by side Weekly and Daily time frame of BITFINEX:XRPUSD pair. On this pair we have to pay attention to two key level, the baseline of 29 cents and the resistance of around 36-37 cents. These two levels are hugely respected on the weekly time-frame, especially the baseline which correlates with the ascending trend line that was covered on the previous BITFINEX:XRPUSD article, that seems to be pretty strong after multiple retests and actually acted as a catalyst for many major upside pushes.

Judging by what we mentioned above and the historical price action, as you can already tell the XRP price is just above the trend-line moving in a box which we would like to call the Accumulation Area, which appears to be a perfect opportunity for accumulation before it replicates another spectacular push to the upside.
Another important thing that needs to be covered is the 42 cents area which correlates with the weekly descending trend line which we believe to have the same importance as the ascending one. Thus, this level would be our second upside target for XRP on the weekly time frame.
The first target as you already may know would be the 36-37 cents - the key level that was mentioned above which currently appears to be a huge level of resistance.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

CRYPTOCURRENCY MARKET ANALYSIS FROM OUR TEAM!

Hello our dear investors and partners!

Our cryptocurrency trading team have prepared analysis which we would like to share with all of our investors!

On this analysis we will be focusing more on a short term perspective of BTC against US Dollar so I have chosen to break down the Daily and 4 Hour time frame.
We need to keep in mind that Bitcoin is currently being traded at around 9800 USD which is a weekly level of support, for BTC to reverse higher is mandatory to have a weekly closure above this level.

Taking it down to the lower time frame, on the Daily we have a strong Fibonacci formation as the C point is currently in between key reversal points that of 78.6 % and 61.8 %. For this to be confirmed as you might already know we need at least 2-3 confluences.
First one being a candle closure above 78.6% .
Second, the 9800 weekly support that was mentioned above also confluences with the Fibonacci reversal points and tends to hold up pretty well.
Taking it down to 4 Hour time-frame, you can see that we broke above the downtrend channel which is now being retested, ready to push higher toward the likes 10,500. And this would be our 3rd confluence that indicates an upside push.

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019

WELCOME TO COINEX TRADE PLATFORM LTD.!

Good day our dear investors!

We are glad to announce that after years of prepare and long road that we have passed it's time to open our door for global investors!

Coinex Trade Platform Ltd. company will be providing successfull cryptocurrency trading activity for investors around the globe!

You can check all the information about investment services that Coinex Trade Platform providing at the webpage!

Let's start earning with Coinex Trade Platform Ltd. company!

We wish you all the best and success!

Coinex Trade Platform Ltd.
UK Officially Registered Company.
Company Registration Number: 12088440
Incorporated on 5 July 2019