XRPUSDSHORTS
Wanna have 10x more ETH? Buy XRP!Here's a better chart:
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So you're bullish on ETH?
Defi will lead the way for the next bull market?!
You're an emotionless market participant and want to make money?
Then maybe you should drop ETH and buy some XRP!
As you can see in the weekly XRPETH chart, several bullish divergences we're already building and playing out nicely for XRP.
Most moves we're violent and quick favouring XRP and this time won't be any different.
The MACD histogram broke out of the downtrend, tested the downward sloping trendline and is now trending towards 0 with a high chance of getting over it.
In worst case, we'll reject a 7th time at the top of the symetrical triangle, which is a 140% gain compared to ETH.
In best case, we'll breakout of the triangle and the fomo is real!
I see only a small chance for the triangle to break to the downside favouring ETH, because XRP managed to work its way up from March 2017 untill now and kind of build an ascending triangle, which can still break to the upside!
Around the price of 0.00063 I would consider ETH to be the winner. In this case I would favor to have some bigger bags of ETH, but untill then, indicator wise its probably smarter to have a good chunk of XRP!
What do you think of this analysis? Please comment down below! Thx!
I'm not a financial advisor, this is for entertainment purposes only :)
1hr Observation 48-72hr left We are observing the middle of the month and 11pm to 11am timeframe on November.....
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I have marked the current channel, pattern structure (pennant) and horizontal buy/sell wave on top of the channel.
The purple arrow route would indicate strong support where we currently are in the price zone. It also would recognize a more slanted pennant indicating more exhaustion for the bears. Less risky buy zones would be bottom of the channel near golden arrow zone or exiting of the channel
Speculation: 1 more drop come around these days around late in the night and a day and a half for it to reverse thereafter. We can head as far down as the golden arrow. This is just an added chart to our XRP follow.
XRP is getting crushed. Weekly wedge rejection candle, dump downAlthough the whole Crypto markets are dumping with Bitcoin.
The XRP is clearly getting sold off.. rather dumped on the markets.
Probably by new deals from Ripple who get XRP and sell it for Fiat to run new businesses.
Maybe new businesses will use advantages of XRP.
But most of it will be exchanged for Fiat.
As XRP only has a small short quick holding time to exchange this won't drive price up.
Looking for XRP to move lower from here, until weekly outlook changes, this doesn't look good for the XRP holders.
Decisive moment for XRPUSD looking at SHORTSHi all,
just taking a quick look at the XRPUSDSHORTS, which seem to be at a decisive point. If XRPUSDSHORTS convincingly fall below the yellow ascending trendline, the next medium term target would be the green box. Correspondingly, XRPUSD may be up for a new rally (3rd Elliot wave).
* Note that I am using the Log-scale.
--- DISCLAIMER ---
This information is NOT a trading, investing, buy, or sell advice.
This information is a personal opinion and to be used for educational purposes only.