After a bit of a cool down of a crypto market, we are again starting to see some strength in certain altcoins, this time without BTC leading the wa like few weeks ago. We want such things to continue where btc ranges and slowly grinds upwards towards 50k area. it is only during such times is when alts have the best chance to outperform BTC, maybe even completely decoupling from its price in the final moments of the alt-season (days) for a short period of time. This is because investors get bored with BTC and so money starts to rotate from those with most of the gains already made (like BTC, ETH, ADA) into lagers and one of those is XRP.
I've also noticed a far to familiar pattern that has formed and got broken out of in recent pump. We are talking about one of the XABCD harmonic pattern and this one seems to be called gartley pattern. It is a very bullish sign to say the least. Will update about the price in the upcoming days to further confirm the breakout.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
XRPUSDT
I've also noticed a far to familiar pattern that has formed and got broken out of in recent pump. We are talking about one of the XABCD harmonic pattern and this one seems to be called gartley pattern. It is a very bullish sign to say the least. Will update about the price in the upcoming days to further confirm the breakout.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
XRPUSDT