🌊 XRP FACES THE WAVES 🌊🌊 Nothing crazy for you guys but we do have some interesting stuff so feel free to read and thanks for tuning in as usual ladies and gentlemen.
🌊 Before I get started on XRP just want to point out the fact that the general market is rallying overall with the bullish sentiment that the FED won't raise hikes coming the FED meeting which will is due to start tomorrow. Whether or not that sentiment sticks will have to be seen tomorrow but that's just something to point out with the general market direction today looking bullish with investors and the market bullish.
🌊 Fed rate hikes will influence the market in general even including crypto's of course so definitely would advise keeping an eye open for that news. No rate hikes will help boost sentiment and likely buying pressure and a rate hike would invoke some fear, choppy trading so just to keep aware of.
🌊 I won't make today's idea too long but I will give some good stuff so let's just start off with this 15 minute chart I've added.
🌊 I've added a new rectangle to highlight that channel of consolidation between 0.688 and 0.71 being our resistance that we'll need to break to get another leg back up and regain that 200 EMA most likely. The FED rate will likely be a catalyst for whether or not we regain the 200 EMA or continue trading sideways so keep that in mind. And remember, these consolidation rectangles are important, just look at the last time we fell below the last rectangle I made on the main chart above, we lost that and fell, but just as much as it can do that to us, it can the very opposite and send us up so I highly recommend adding this to your own charts.
🌊 I've also added a new horizontal level mark at 0.688 being that we tested that 3 times now and XRP has managed to keep above that relatively well so far indicating some support at least, I've encircled two of those points and the third is about the same so we fall below this again for the 3rd time and I would most likely expect a fall of some sort at least.
🌊 Target for today and the new few days is just to break 0.71 and get some momentum back into going up, since we initially fell from 0.736 volume has been relatively low indicating a lack of confidence and more hesitation from traders, a break above 0.71 would likely be the sign the market needs to get back that confidence in XRP climbing back else we risk falling if we keep consolidating and fail to break that.
🌊 Feel free to add these markings to your charts, I'm sure they would help. My interest right now is the 20/50 EMA's. Since they split on the hourly chart they have yet to reconvene and meet up so I'm personally expecting that to change soon, especially with them not having met on the 15 minute chart so to see that happen would be positive thus keep note of that please.
🌊 That's it for today, like I said no long idea today, don't wanna scramble anyone's brains so thanks for tuning in, and feel free to leave a like or follow, comment below, means a lot as always and thank you guys for the ongoing support!
~ Rock '
S-XRP
4hr bull pennant on xrpusdI normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much bigger and needs to be charted on a higher timeframe. For now at least this looks good. *not financial advice*
Harmony (ONE) crypto Prediction 2023 ---> UP $0,10Harmony (ONE) Crypto Prediction 2023
This coin has a long-term breakdown trend from 18-04-2023 until today it did show a signal of increase and cycle interest, and for this reason, we expect that ONE is developing a new cycle in the coming time.
We expect that this coin can gain up $0,10 in 2023
expecting depending on the technical view that the coin shows, including the new cycle that was activated today.
This view is for 2023 and meant not a trading view for the day range.
📉 XRP FALLS AMIDST UNCERTAINTY 📉📉 Hope everyone's doing alright today, I won't keep you long so thanks for joining ladies and gentlemen.
📉 XRP slipped down below the new support that we added in yesterday losing that level at 0.736 before basically plunking to 0.683 and bouncing back up. Main reason is likely the fact that XRP has failed to regain the 200 EMA on the 15 minutes and lost the hourly 200 EMA as shown on the main chart above.
📉 I have encircled two opposite points of interest which both can offer us some important points to note. Both are roughly/extend to 0.68 thus I'm just going to say it's that for now. And both points have been annotated in white showing the 1st and second test as both are tests of the support at 0.68 which seems to be vital.
📉 Now that we've lost the 200 on the hourly the biggest thing traders will be looking for is a test of support above 0.68 as that was our last major test. If we lose that the most bearish outlook would have us looking at 0.58 followed 0.48. I don't say that to incite fear but simply to let you guys know the next major levels below. Here's the 15 minute chart below:
📉 It's mostly the same chart as yesterday but with the new annotation and volume bars. By looking at the volume we can identify the selloff as mostly whales closing out big positions alongside some retail traders.
📉 Current hourly bar has that wick extending both up and down indicating weak buy and sell pressure thus traders/the market is looking to identify the next trend and whether or not we'll recover prices or continue to slide. For that again refer to 0.68 as a final support if we get there which ofc we'll hope to avoid.
📉 Don't want to keep you guys to long but that's all for today's idea, wanted to at least get something out for you guys, gonna go rest now but feel free to leave a like or follow, never hurts, and all the best.
~ Rock '
Short-Term Bearish Signals, Long-Term UncertaintyShort-Term Plan:
Currently, XRP is trading at $0.6955, which is close to the lower Bollinger Band at $0.6887, indicating some bearish pressure. The RSI value of 27, which is near the oversold boundary, could signify an impending reversal as selling pressure eases. Short term, if XRP can find support at this level, there's potential for a bounce back towards the middle Bollinger Band at $0.7433. However, with the MACD at -0.0177, indicating some bearish momentum, there's also a possibility that the price could further test the lower levels before stabilizing.
Long-Term Plan:
Long-term, XRP's direction will be heavily influenced by broader market trends, Ripple's ongoing legal battles, and any new technological developments. Considering the negative volume oscillator of -1%, the market currently shows a slight preference for selling, which could result in some further short-to-mid-term bearish activity. However, the OBV of 7.313 billion shows significant trading activity and interest in XRP, which could bolster its price over the long term, especially if positive news regarding Ripple's legal issues or increased adoption of XRP emerges.
More Probable Scenario:
Given the present indicators, the short-term view for XRP may lean slightly bearish due to its proximity to the lower Bollinger Band and a negative MACD. As such, XRP may continue to experience downward pressure until the RSI indicates a strong oversold condition, potentially triggering a reversal.
In the long-term view, predicting is complex due to various unpredictable factors, such as Ripple's legal situation and broader market sentiment. The high OBV does suggest significant interest in XRP, but a bullish or bearish trend will heavily depend on these external factors. As always, investors should closely monitor the market and conduct thorough research before making investment decisions.
🥳 IT'S MY BIRTHDAY! 🥳🥳 Hope everyone's doing great today, this won't be a long idea but wanted to at least get something quick out so here that is for you ladies and gentlemen, thanks. Below is a quick TA chart to visualize stuff:
🥳 We fell below my 0.77 level which I indicated was a strong support and once that happened we slipped down to 0.72-0.71 roughly, finding support at 0.73 where I've added a new level as annotated. Watch that for support. Below 0.73 it'll be anyone's guess what happens, some wild moves going on but that's why we've got levels and TA anyway.
🥳 Will be watching for that 200 EMA reentry or fail if it fails to catch it again but chances are we will forming a higher high on the local but we'll just have to see if that comes true or not. That's all for today's idea, I've gotta go enjoy my Birthday after all but I appreciate you all! Thanks for tuning in and all the best! Feel free to leave a like and follow, comment, really means a lot to me, thanks!
~ Rock '
XRP Ripple is making a correction within uptrendCRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT
XRP Ripple is making a correction within uptrend
Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit
CRYPTO BULLISH
US to take a constructive approach in regulating digital assets
War boosts demand in Bitcoin
Big Russian money could flow into Bitcoin to avoid the US sanctions
Fed delivering only a few rate hikes next year would be great news for cryptos
Bitcoin is paving its way to traditional finance
Adidas news is ‘probably a big thing’
Inflation trades will keep doing better and better, crypto better days lie ahead
People rush to Bitcoin as a new-age inflation hedge
The SEC is poised to allow the first exchange-traded fund based on BTC futures
Negative real interest rates and post-pandemic era can boost blockchain
A Bitcoin ETF seems likely to happen, paving the way for the next boom
El Salvador leads world in adopting bitcoin as official currency, a big step
Senate reaches a deal over crypto amendment, supporting to not kill the industry
CRYPTO BEARISH
Reputational setback to further weigh on prices
Cryptocurrencies to take a severe hit amid general market panic and industry-wise discomfort
Russia/Ukraine conflict to accelerate the regulation of the crypto industry
Higher energy prices make crypto mining more expensive
Bitcoin to suffer amid geopolitical tensions
Bitcoin hit by global risk appetite and shutdown in Kazakhstan
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies
Biden's infrastructure bill is bad for Bitcoin
Memecoins are now a problem
Cryptocurrencies will be regulated by governments
Spike in energy prices to become a burden for Bitcoin
China bans cryptocurrencies, again
Delta variant causing concerns, risk appetite disappears
SEC v Ripple Silence Left XRP on the Back Foot Again
There were no SEC v Ripple case updates to impact on Sunday. The lack of updates left investors in a cautious mood. After last week’s extended pullback, XRP may face further selling pressure as investors grow anxious about the outcome of the SEC v Ripple case.
Optimism has faded, leading to the XRP pullback from the March 29 high of $0.58479.
On Saturday, Ripple CEO Brad Garlinghouse may have spooked investors, saying.
“Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.”
It is unclear whether the Ripple CEO was aware of an imminent ruling. There was no crypto event to deliver the sixth bearish session of the week.
Ripple Setting Up for Another Major Breakout Soon??There's a lot to take in with this small 4 hour chart on XRP, but before we get into the bullish talk, lets take a moment to recognize that there is bearish divergence with a peak on the RSI. Hence the reason for the most recent pullback in price.
But has it finished playing out yet is the question?
We ask this question due to the fact that theres is a bullish pattern forming that is also giving us different signals on the same RSI.
When we look at the recent swing high on this 4 hour chart, we can see that something that resembles what is called a 3 Rising Valleys pattern is forming and although you typically trust these only at the bottom of a downtrend rather than at the top one.. the triple hidden bullish divergence that has now painted could be giving us a signal of a continuation of trend.
If this is the case, it is my belief that Ripple will have targets of around 1.04 and ultimately 1.25 eventually.
XRP - TO THE MOON continue or everyone will be deceived again?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Friends, a little conspiracy on the XRP chart! This is not financial advice, I'm just expressing my thoughts on a chart! Be careful if you are going to buy on the continuation of the uptrend.
Well, first, a little background:
Everyone probably already knows about the situation that began in December 2020, when the SEC sued Ripple Labs, as well as its two founders - Chris Larsen and Brad Garlinghouse. The SEC accused Ripple of illegally selling securities, arguing that XRP is considered a security and should be registered with the SEC. This caused a lot of controversy in the cryptocurrency community, as many believed that XRP was a digital currency and not a security.
The next two years were a time of intense lawsuits and court hearings between Ripple and the SEC. During the trials, both sides presented their arguments and evidence. And finally, the story seemed to come to an end, (why, I’ll seem to describe the situation below) and Ripple nevertheless defended its rights and proved to everyone that their cryptocurrency is not a security, and the positive immediately broke out on the market and the HODLERS of XRP coins sighed and someone even began to fix their earned Xs...
But not everything is so simple! The head of the SEC, Gary Gensler, commented on the court's decision, noting that the agency is "disappointed" with the outcome.
case involving retail investors, but "satisfied" in the part relating to institutional sales. “We continue to study and evaluate this decision,”
emphasized the head of the regulator. Answering a question about the development of new norms
for the crypto sector, Gary Gensler explained that it is still “too premature” to talk about it, as the litigation is ongoing.
In general: in short, there will probably be another hearing in this case, but when it is not yet entirely clear, perhaps this will happen when the SEC punishes some crypto project under new regulatory rules or wins a case against such a giant as Binance and then all other projects will flinch and begin to obey Gary Gensler. But if the SEC crap up again, then most likely the alt season may come earlier than planned, because XRP can prove once again that the SEC is just a speck in the cryptocurrency world and let them regulate in their yard, as they say) In short, other projects will also be able to exhale along with liquidity, that is, with all of us :)
Speaking from the technical side, I gave two examples of how the price behaved on the rebound of the global countertrend: the first situation was at the end of 2020 when the price rose at the moment by almost 10X (during the bull run) and the second situation is happening now when XRP won the case with the SEC, which lasted more than two years, also a huge positive. And the bounce we saw of 70-80% might not be the end yet if the second SEC VS XRP hearing results in favor of Ripple then a $2 bounce might just be a small push.
Guys, I repeat once again - this is not financial advice, but just my guesses and just thoughts, I didn’t buy a coin myself, maybe in the future I’ll go for a small percentage of the deposit, but before that I’ll definitely let you know.
ETH - Opened a scalp trade to exit the channel!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Opened ETH scalp for 10% of the deposit with a short stop-loss.
One of the on-chain indicators shows that the market maker has set strong resistance in the form of walls of orders in the current range. BUT! Bitcoin is still being held as it looks like we're on the verge of a $30,400 bounce again, so I suggest using as short a stop loss as possible and a small leverage of 2-3X on this trade.
Deal plan:
▪️Entrance - $1895
▪️Stop - $1950
▪️Take - $1825
It is very interesting how the market maker will act. ETH seems to be preparing a DUMP, and the bitcoin chart looks again at a rebound upwards. Maybe they just want to confuse and confuse us?
P.S: guys, I opened this deal with minimal risks, if you doubt whether you should enter or not, then it’s better to watch from the outside. It’s not entirely clear what will happen at the opening of next week, but my main plan is SHORT BTC 31250
XRP/USDT Technical Analysis ( $10 Target is Next Bull Market ? )XRP/USDT Technical Analysis: Retracement and Targets
In this XRP/USDT technical analysis, we'll explore recent price movements and potential retracement levels. Please note this is not financial advice, and always do your own research.
XRP Price Overview:
XRP is trading at $0.77, surging 100% from the bottom level after the SEC clarified Ripple is not a security.
Expected Corrections:
Possible retracement levels:
0.5 Fib = $0.6983
0.618 Fib = $0.642
0.786 Fib = $0.5618
Strategy and Caution:
Avoid buying in FOMO, prioritize risk management, and research before investing.
Long-term Targets:
In the next bull run, XRP may reach $5, possibly hitting $10.
Accumulation Strategy:
Consider accumulating during dips, especially between 0.618 and 0.786 Fib levels.
Key Levels:
Support: $0.6983, $0.5618
Resistance: $0.88, $1.27, $1.60, Moon
Conclusion:
The recent XRP price surge shows promise for the upcoming bull market. Be cautious, conduct research, and invest wisely. Happy investing!
Follow us for More Quality Updates for Bull Run.
Thank you
💥 XRP SHOULD I BUY OR SELL? IMPORTANT PSYCHOLOGICAL TRADING 💥 💥 Very important idea and question of the week here with our XRP should I buy or sell? Good question and let's see what we can figure, thanks for joining ladies and gentlemen.
💥 XRP's been trending between 0.77 and 0.80 roughly displaying this horizontal channel which has basically displayed this sideways trend with us getting one breakout above for a relatively short period before reversing with the market now testing the waters and looking for a pivot in either way.
💥 Amongst this period of waves and sideways trading I've been getting asked by a few people whether or not they should or should not sell XRP. To start off on that, the question is what is your objective. Before you open a trade you should tell yourself at what price you are going to sell at. In this case the majority of that has been $1.
💥 We nearly hit $1 with XRP's first run up before failing because the traders that had already bought at $1 before decided to sell at $1 as they'd seen the price get lost before and wanted to sell at that price which is psychological for the most part.
💥 If we factor that in then we know now that should we approach that $1 mark again, we'll likely see more sales as the individuals that didn't sell at $1 will see the previous bounce up, reversal and think, if it did this at $1, why shouldn't I just sell at $1 in case it falls down again?
And thus they sell.
💥 What's important is that next time we approach $1, even with the selling we won't have nearly as much as we did the first time with much of the first wave of buyers having hopped out already thus it'll give us some leverage and potentially allow us to breakout/get a leg up above $1 which would be incredible. There's no guarantee that'll happen of course but that's something you guys can take note of, whether or not it does will be if the market has factored in the price of the news and what that news is, it's significance.
💥 Next important thing is why you exactly own XRP. Did you simply buy in to reap a specific percentage? If so then you're more than likely happy with 100% and doubling your money and should sell if that's what your content with/goal was.
💥 What if you bought in because of the utility use case and you believe XRP has an even brighter future? Well in that case you as well as that class of traders/investors will most likely be holding for the long term a couple of years believing that XRP's price has a lot more to rise in the coming years alongside it's utility and real world use/adoption.
💥 Still even with all of that there is another option, you can always sell your XRP for the high percent gain and convert that to another crypto you have faith in. Here's one example of what I'm talking about:
💥 You originally buy $50,000 worth of XRP at 40 cents. Now it's worth $100,000 at 80 cents with a 100% profit. If you believe it has more potential to the downside then the upside you could sell it all for $100,000, then convert that into Bitcoin to give you approximately 3.33 Bitcoin at current prices. Bitcoin has yet to make any major moves being stuck at that $29,000-$30,000 range still so it would make sense to do that if you believe Bitcoin will go back up and further within a year or more. Thus your $100,000 could become $198,000 if Bitcoin we're to hit $60,000 again.
💥 Above is the example of taking profits from one profitable trade and putting them to work in another which may be less risky buy still reap rewards and percentages, sure you're chances of seeing a crazy quick and high percentage rise will be way lower than with XRP, but you're money would also be safer and more than likely still reap profits, albeit in the longer term.
💥 This is all relative to the market cap of course and your risk tolerance. With XRP's market cap of roughly $41 billion right now it still allows a lot more room for growth, to get 100% you would need another $41 billion. Whereas with Bitcoin being at $578 billion, you'll need another $578 billion to hit $60,000 or so. It's a big difference but that's where the risk tolerance comes in. XRP offers a lot more profits but at a lot more risk, whereas Bitcoin may offer less profits but with a lot less risk. That's where it's up to you to think about your tolerance and what you're plan exactly is.
💥Important thing to note is what percent your gains will be taxed at if you do decide to close. Remember that you'll be facing long term or short term gains depending on how long you've held/had and you're income. If you sell for a short term gain there is no 20% like with long term gains, the tax percent can go as high as 37% for short term so it'll range in between 10% and 37% basically. For long term the range is 0 - 20% based off your total taxable income. Below is a link to the site I used which details a lot more on capital gains.
www.bankrate.com
💥 It's been a long enough idea I understand but I wanted to make some points clear, especially for those debating on whether or not to sell, so I hope that helps, because even if all of this were to help only one person, I would still be happy with that, anything for you guys. Thanks for tuning in and feel free to leave a like or follow, simply helps me, thanks.
~ Rock '
✨ XRP TECHNICAL ANALYSIS JULY 21 ✨✨ Some important points will be made today and we will definitely be going over TA so don't fret, and as always thanks for tuning in. ladies and gentlemen.
✨ Let's quickly check out this Technical Analysis. Below is the 15 minute chart which we will refer to first and here is the chart image:
✨ Ta wise we can see how XRP slipped down within that descending channel going through our horizontal levels even breaking down below 0.77 but we did get a quick recovery there following the steep fall when volume increased signaling that buyers/institutions are still willing to buy above 0.76 which is good to note.
✨ It's good to note that as we saw a lot of buying at 0.76 and above so should we ever approach that level again or slip below it definitely expect some sell-off's as the traders/institutions that entered in at that position will want to close those same positions if it ever looks like price action may fall below, so very good to mark down and keep mind of, and it's thanks to volume we can identify that.
✨ I've also added this support line that seems to have formed so good to note as well. Below is gonna be our 5 minute chart then:
✨ With the 5 minute we can identify just exactly where that recovery happened displaying the quick breakdown before promptly being bought back up pulling us above 0.77 and through our levels even regaining that 200 EMA. I've encircled some pivot points to help visual readers but right now we'll have to see whether or not we can sustain price action above the 200 EMA or if we'll simply lose it again. What matters is that we recovered to sustain a price above 0.77.
✨ Target for today will be to break back above that 0.786 level which has proven to be a pivot level as I've encircled/highlighted for you guys. We need to break above that and form support mainly so that we don't lose our 200. But if we can't do that refer to the support line I've added and should that break we'll likely retest 0.77 though that's not the hope of course. But please refer to the horizontal levels, thank you.
✨ Before I end this off, I will be writing an idea right after this pertaining to buying and selling XRP and whether or not you should or shouldn't so please give that a read as well, thank you and as always feel free to leave a like or follow, simply helps me out. And as a heads up, I likely won't post on the 23rd as it'll be my Birthday so if you don't see any posts just be aware of that, thank you and all the best.
~ Rock '
⚡ XRP PRICE ANALYSIS JULY 20 ⚡⚡ Hi, thanks for joining in real quick ladies and gentlemen. Pretty clear what's happened today but we'll give some quick notes on what's going on with our prices today for the technical.
⚡ Volume decreased as we approached that 0.85 level/test indicating that buyers weren't as keen on buying at that level, represented an absence of momentum/energy which we would have needed to break that level and form another leg up. We promptly got a breakdown after reversing following the failed test once we slipped below 0.81.
⚡ What we're looking for now is a break back to the upside passing that 0.795 mark on the local. We can't consider any moves upward until buyers pull us back up and restore prices above 0.90. It's important to note that volume increased as we approached that 0.77 level managing to hold ground above 0.785 thanks to what was likely some institutional/whale buying most likely in a push to prevent us losing that mark.
⚡ Chances are we'll have some sideways trading for a while between 0.77 and 0.85 as Bulls and Bears will fight to get a leg up on each other. What matters mainly is that the 200 EMA has been lost on the 15 minute, not the best case to have but it hasn't been lost on the 30 minute yet as represented below:
⚡ Should we lose that 200 EMA on the 30 minute timeframe expect some heavy selling or intense volatility if we approach it as both teams will battle intensely no doubt. What matters now is just which way we break out this horizontal channel we're currently trending within:
⚡ Break above and we have a good chance of getting that 200 EMA back. Below and we have a good chance of meeting again with our 200 on the 30 minute so be mindful. 0.77 is that last level of support before things get real tricky.
⚡ Target for today is just to break above 0795 and establish some support. If that fails and we slip below 0.786 watch 0.77 for support and should we slip below 0.77 my next support is at 0.724. Feel free to add those levels to your charts. I have to go but all the best, feel free to leave and likes or follow, thanks.
~ Rock '
XRPUSDT can ascend furtherThe XRPUSDT is in a Bullish phase by Ascending Triangle.
🌟 Bullish signals are:
- Pivot Yearly
- Ascending Triangle
❗ and the Upward signals of market momentum are:
- Divergence in MACD
- moving Ema 200
❗ Note if the Triangle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed.
✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
🌍Thank you for seeing idea .
Have a nice day and Good luck.
XRP forming a bullish BAT for next pumpHi dear friends, hope you are well and welcome to the new trade setup of XRP coin with US Dollar pair.
Previously we caught more than 105% pump of XRP as below:
Now on a 2-hr frame, XRP is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XRP: Bullish Pennant BreakoutRipple (XRP) technical analysis:
Trade setup : Breakout from Bullish Pennant pattern confirms the uptrend, with upside to $0.92. Previously, following a breakout from a Descending Triangle, price spiked up massively to $0.92 resistance on favorable legal ruling. This level acted as resistance way back in early 2022. However, it got very overbought (RSI > 80) and saw selling pressures from some profit taking.
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.68, then $0.55. The nearest Resistance Zone is $0.92.
Seasonal Crypt Growth with Powerful Positive SignalsTo date, we have come to another opportunity for market growth. The second half of the year, after an intense struggle, opened above 1900, which gives support and opportunities for 2250-2500 test attempts. The continuation of the trend in a row from the first numbers was disrupted by the drawdown of the euro, which I warned about, because quite strong pullback signals were left. However, this movement was only a pullback, after which the dollar continued to fall. Until the end of the month, I think the crypt will continue to adjust to the position of the euro with large bullish monthly candlesticks, which is already observed for xlm xrp sol and individual ixanuvshiy alt. The main positive factor will be the consolidation of the euro above the key level of 1.125, which will give a signal to fix the bullish trend.
Investments in alts are still rather sluggish due to the lack of a clear continuation of the trend in the tops and the foreign exchange market. However, there are more and more reasons for bullying. The drawdown of the dollar gives the green light to the crypt. Against this background, the ether opened the second half of the month above the opening of the monthly candle, which increases the probability of purchases by the end of the month on candle models with targets at 2250-2500. Due to these factors, we observed a significant increase in purchases from the move right before the opening of the second half of the month, which showed a strong increase in buyers for this period. Also, July – August are seasonally a powerful period of growth.
Basically, bitcoin is slowing us down so far, which opened the second half of the month less positively. However, we are still confidently holding 30k. The half-year is also open above. At the moment, the growth of coins is due to the distribution of funds from the cue ball for other projects. I have pointed out this prospect in many recent reviews, in particular, I expect a further decrease in the dominance of the cue ball with goals by 40-45% under an optimistic scenario. That is, even with a long flat, the cue ball will lose most of the coins. In particular, in my opinion, the probability of going to 0.10-15 of the eth/btc pair prevails.
And so we opened the half-year, the month and the second half of the month well on the air, and therefore there are high chances to see an influx of buyers from the second half of this week to the middle of August under an optimistic scenario. Negative factors can only be the collapse of the euro below 1.1, which is now possible only at the end of the month, and the collapse of the cue ball to 25-27.5 against this background. The probability of sales has dropped to 35-45% so far in my opinion. But since sales are possible only at the end of the month, this week is quite safe for topping up with possible breakdowns on individual coins.
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