Analysis –
XRPUSD | W1 | BULLISH
The market is currently at an important key level,
Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money.
At the same time this is a very simple analysis.
In terms of behavioural analysis price has formed a bearish pennant ;
This typically means that price shall breakout with bearish momentum—yet the supporting trendline has failed to be, and also NEVER been broken.
Price is currently in accumulation / a demand zone – it is inevitable(?) that price shall explode regaining control by the bulls.
Please do not expect this to be the inauguration of the next “bull run” however. Price shall only increase with stabilisation & sustainability; longevity requires trust and the intricacy of market sentiment.
This analysis also offence confluence in terms of a positive correlation coefficient to a bullish BTC .
This is a simple analysis on what we should expect to happen in a normal market – yet, this isn’t a normal market and within the infancy of cryptocurrency it’s only normal to expect unprecedented volatility .
Please note this is not financial advise.
Thank you.
XRPUSD | W1 | BULLISH
The market is currently at an important key level,
Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money.
At the same time this is a very simple analysis.
In terms of behavioural analysis price has formed a bearish pennant ;
This typically means that price shall breakout with bearish momentum—yet the supporting trendline has failed to be, and also NEVER been broken.
Price is currently in accumulation / a demand zone – it is inevitable(?) that price shall explode regaining control by the bulls.
Please do not expect this to be the inauguration of the next “bull run” however. Price shall only increase with stabilisation & sustainability; longevity requires trust and the intricacy of market sentiment.
This analysis also offence confluence in terms of a positive correlation coefficient to a bullish BTC .
This is a simple analysis on what we should expect to happen in a normal market – yet, this isn’t a normal market and within the infancy of cryptocurrency it’s only normal to expect unprecedented volatility .
Please note this is not financial advise.
Thank you.