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XRPUSD long - 14$ Next Target, History is repeatingHello Guys, Last analysis on point. This correction was clear as I mentioned it in the last analysis. Furthermore the market is doing right now the same like in 2017. This is insane. As you all know I am looking at the Crypto Market like that. I like to find similarities. Especially on Ripple we can see almost the same. This is why I am looking at Ripple with my Pump Analysis. The market is moving up in these #3 Pumps. We have finished the #1 at 2.00$ and today also the Correction. The market has given us the last drop to the downside but it did not broke the Structure exactly like it did back in 2017. This is crazy guys. More similarities are not possible. Afterwards it continued to move up higher within the #2 Pump. In 2021 it means that we can expect the price to go up till 10$-14$ This is the next Target. Additionally we have a Demand Zone which I already share with you today. Perfect touch and now bullish continuation. What do you think?
BITSTAMP:XRPUSDLong
by DariusFxTrading
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The Pounds Climb Against the Dollar- Some Reference PointsThe pound has been incredibly strong against the dollar through early 2021 and it has peaked out at 1.42418 following some sharp downward momentum. Here are some potential reference points for this week as well as some longer term POI's that might come into play in the near future. The Pound's rate is at a similar level as 2016 yet interestingly enough the US 10 year bonds are at levels similar to 2012 lows and though they seem to be recovering from almost nothing. None the less, the Dollar still may be in trouble on a short term basis. Cash has been printed on a widespread basis and there is a now seemingly exponential growth to the money supply in the US compared to normal trends. Compared to Asian counterparts, the Dollar has preformed seemingly well with similar equity market conditions which brings me to my next point. As the dollar continuously loses value, and the potential growth sector in the US equity market corrects, it raises the question: has the US moved out of the euphoric market state into recession like trends? I choose to take the standpoint that though the outlook may be grim, no, there is not a recession on our hands and the dollar is likely to recover some of its losses within the year as long as the Fed keeps a steady hand.
Short
by crawfordpaul