TradinSides

TradinSides Updated 

The CRYPTOCAP:XRP re-test of the $2 level could be the end of the 2/5 Elliot Wave of the #Ripple bullish cycle. The bullish potential is based on: - The recent launch of #RLUSD, - Trump's embrace of US #altcoins, - the appointment of a pro-crypto SEC #chairman - the resolution of Ripple's legal battle with the #SEC, and - the approval of the XRP-focused...

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Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock”. The whales purchased recent retracement causing a strong demand.

TradinSides Updated 

The overbought state of the #SP500, the upcoming #Fed's #RateCut decision risk and the buy the rumors sell the facts philosophy along with pre-seasonal profit taking could send the price of #Bitcoin as low as $102K. In addition, the CRYPTOCAP:BTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the $102K price level. Those...

TradinSides Updated 

With all the great news on the table - the $RLUSD, its wide acception and upcoming CRYPTOCAP:XRP #ETF, the #Ripple stands under heavy selling pressure due to SEC’s decision to #appeal the Ripple case ruling, impacting demand and market sentiment. SEC Commissioner Caroline Crenshaw’s reappointment vote is set for Wednesday, December 18, according to Fox...

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The price of CRYPTOCAP:XRP surpassed the descending resistance line at $2.35 and could be heading towards higher levels if the level holds.

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SEC #Lawsuit Resolution, new Banking #Partnerships, #Payment Network Integrations and #Ripple $RLUSD #Stablecoin approval are the upcoming events that could drive the #XRP price in the near future.

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Remember that CRYPTOCAP:XRP has rallied over 100% in the last two weeks and if the $1 level is broken, we could see a possible retracement to $0.90. That is normal and a chance to buy #Ripple coin cheap. It would be advisable to monitor the BTC $90,000 level and the ETH $3000 level, which are currently experiencing pressure.

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The XRP is approaching the $1 level, which could result in a retracement to 0.9 if the major level is broken. It would be advisable to monitor the CRYPTOCAP:BTC $90,000 level and the CRYPTOCAP:ETH $3000 level, which are currently experiencing pressure.

TradinSides Updated 

The first CRYPTOCAP:XRP #ElliotWave * is coming to an end. Expect a retracement. With millions of XRP, the whales will sell it at this level and buy it cheaper again. * Elliott Wave Theory is a form of technical analysis that helps traders identify and predict market trends by analyzing price patterns. It's based on the idea that market movements follow a...

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The global XRP chat is forming an inverted Double Bottom pattern. * An inverted double bottom pattern is a bullish reversal pattern that is the opposite of a regular double bottom pattern.

TradinSides Updated 

Nvidia is a great company, but its AI product is a pure luck in a vacuum of competitors, with a list of flaws such as unexpected chip delays, high-energy consumption and a need for intensive cooling. Here is how I see the future of the Nvidia stock.

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The BTC is forming the reversed Head and Shoulders There is a possibility of a potential inverse head and shoulders pattern forming in the short-term for Bitcoin.

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With Grayscale Investments recently launching the Grayscale XRP Trust, XRP can easily break out of the current triangle resistance.

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#OIL is @ $70.05 #Buy and #TP @$71.75 While major NSE:OIL producers may delay an output increase planned for next month and American Petroleum Institute (API) data showing U.S. crude oil fell by 7.431 million barrels last week.

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If this is a #HeadAndShoulders pattern forming, then it is the strangest H&S pattern I have ever seen. At the same time, I can easily see it developing into the November 2024 #elections.

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The current Oil downfall is explained with a set of recent news: OPEC on Monday cut its forecast for global #oil demand growth in 2024 citing softer expectations for #China, a reduction that highlights the dilemma faced by the wider #OPEC+ group in raising production from October. Chevron (NYSE:CVX) has achieved a technological breakthrough, producing first oil...

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OPEC on Monday cut its forecast for global #oil demand growth in 2024 citing softer expectations for #China, a reduction that highlights the dilemma faced by the wider #OPEC+ group in raising production from October.

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UToday: On the hourly chart, the price of XRP is setting new local lows. If the bar closes below the support of $0.5760, the correction is likely to continue to the $0.56 range soon.