This technical analysis does not involve fundamentalist factors, which are the most important and relevant. As there is no data on it, I just relied on calculations of previous cycles plus the Bulls season data (In general, not only in crypto. I already made a few posts with data about this topic).
If you think $ 360,2232 it's an absurd value, what would you say...
I Will Await PA Around First Sell Zone For Confirmation Of Another Move Lower Before The 'Next Bullrun'
One Question I Keep Asking Is If There Is Going To Be A Massive Increase In Volume With All RippleNet Users
Why Wouldn't They Manipulate Price Lower For More % Gains & To Create FOMO?
I Am Ready For It To Sky Rocket Now However I Have This Chart In case We...
Not Sure If This Is The Correct Way To Use A Pitchfork
However, I Am Using The Zones Created As Bullish Channels
As I Believe XRP Has Bottomed, I Would Expect Price To Hold These Zones (Black & Blue)
For Confirmation Of The New Bullish Trend.
There May Also Be A 61.8% Retracement Due Around $0.16 - $0.155
However, We Saw The 50% Retracement Come Through From...
if we can break the 100hma 12hr (red) we can see a move up to around the 0.702 Fibonacci, hopefully we can make it to the second target which is the 0.702 from the previous high, hoping for a higher high
bounced back above the 50 line on the RSI exactly like it did before the last 40%+ move ( see arrows on RSI)
Stoch rsi going into a bullish...
I have been a fanatic of cryptos as this is the future form of currency and it is an asset to HOLD which is due to increase in value in the coming years (2021-2024 Cryptocurrencies BOOM)!
ENTER AT OWN RISK, MUST TAKE RISK MANAGEMENT PRECAUTIONS
- Short-term SHORT - Long-term LONG
- Price approached golden zone (61.8 - daily HH to LL) in previous week...
On the trading instrument XRP / USD. The tool is liquid, predictable and with a high percentage of earnings .
There is a breakthrough in a very important resistance zone . May be a fracture of the main trend.
Also depicted in advance important areas, if the price can not gain a foothold above resistance.
The coin is now located at an important zone - the...
Key 0.618 Fib Retracement At $0.155 - $0.16 Which Also Aligns With Previous Short
Should We See This Level Tapped, I Will Await Candle Closes Above
A New Weekly Trendline Has Formed Following A Clean Break Of The Monthly Falling Wedge
Prior PA From Feb - Mar Was All Noise As Monthly Still Closed Within Falling Wedge
Higher Highs And Higher Lows Formed Since...
Again, I am Ready For XRP To Fly From Here
Though I Would Expect Price To Drop For Big FI's & Institutional Volume To Come In Prior To Regulations In June
If This Doesn't Play Out I Don't Care If It Does I Have More XRP To Buy!