Realistic
XRP - Let's See If We Can Hold $0.70 (or at least $0.60)As expected BTC has created a new local low at around 40k. This drove the whole market down, but actually by not that much compared to BTC. Even though i do not think btc has found a major local bottom yet, xrp price could have already finished the crashing after capitulating to $0.60.
First it would be nice to see holding $0.70 as that would further prove how bullish the chart actually is. Theoretically price could dip down to $0.50 and still be bullish (but not further) so don't get worried if that happens.
Most realistic scenario that i see is the price going sideways in the range of $0.80-$0.65 especially if btc does one more push down from here. For now $0.70 area seems to provide good support. Again let's hope we hold it, if not you can see that as a even better buying opportunity (not a financial advice).
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
BINANCE:XRPUSDT
MSFT, 25.3.2020Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
After yesterday's growth today I expect a slight consolidation, the market will gain energy with the help of the FED, and so will have room to rise until the next resistance. This happens after Microsoft teamed up with the WHO to introduce a hackathon about COVID-19. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
AND Chceck my new twitter :)
Xrp long term curve projectionHi everybody,
Drew this long term curve with much more realistic prices than I posted in my previous idea. Have a good look at where we are right now. You can draw a medium curve inside of that bigger one and then determine of where we are going next. I see more sideways action until we closd above 0.70$ on monthly candle.
7-9$ per xrp is very realistic looking at this chart. If we break that with good volume, 100$+ would be on the cards. Look up my previous chart for that.
Posting this from my phone as I'm going to be away from trading and charts until August.
Have a great weekend!
POLONIEX:XRPUSD
Watch for BTC and BTC only!! Stalking the bull like a TIGER!Hello fellow traders!
Here to a mega realistic take on BTC. BTC has been giving the direction to the whole market and you shall watch for him and him only to tell you when it's your time to take on the bull by the horn. Well let me tell you the time hasn't come yet. Keep stalking your prey like a hunter, your sniper shall be ready for that sure shot. BE PATIENT!
Let's dive in straight to the point. We're looking at BTC on a daily chart here because daily's has been the best time frame for BTC. Daily gave us spot on confirmation in the past through those beautiful Bollinger Bands and that sweet SMA200 (big blue ligne). This analysis shall be very simple has I believe the simpliest analysis are the best of em in that cryptoworld where TA usualy end up being useless.
Fellow trader, let's be real, BTC is going down. I said it. We have a quadriple confirmation. Lower Bollinger Bands have been hit + White support have been broken + Yellow trend line have been broken + we're trading bellow SMA. But it's a shine of hope for us! we now eye ourselves for BTC to hit that red trendline wich is very likely. As that trendline been the main target. As I said we keep it simple. There's no way to be sure it will reach or bounce on that red line but we adapt to the likeliest scenario to make the surest shot. We stay patient. There is no bull only bear. Don't make that shot right now, your sniper bullets are precious. You shall wait for the bull to show its horn.
I'm here to remind you. TIME IS YOUR FRIEND. PATIENCE IS KEY.
(If Red trend line doesn't hold we still have that green trendline but this will be for an other TA)
From your beloved,
Zip.