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XFLRUSDT

XRP Final Flag?In 2017 we had a breakout above the previous ATH trendline. December 2013 was the previous ATH and in December 2014 there was an approximate 0.50 Fib retracement that allowed us to form the upper trendline. September 2016 that trendline was broken and then XRP went on to test that line as support until March 2017. There was one more backtest of the support, then XRP began to parabolically rise. Throughout March 2017, XRP flagged under the 0.236 Fib retracement level. XRP then broke out into a new ATH in April 2017. Currently we have a similar setup. XRP has broken through the ATH trendline, formed by the ATH and high of August 2020. We are currently flagging after retesting that support. If we see a rapid breakout above this current price level, we could see new ATH's in rapid fashion. This would probably time out with SEC news that is favorable to XRP. #interesting
POLONIEX:XRPUSDLong
by orlinmyer
9
XFLR Breaks Through First Fib Resistance Level!First off, support.poloniex.com FLR is first given out as a 15% chunk. They take 15% of your XFLR and convert that to FLR. Then each month they receive more FLR they redistribute that to XFLR holders until all XFLR is gone. Some are saying Bitrue is giving out 100% of FLR all at once. Only 15% of FLR is being distributed at first. Initially, the Flare network will distribute 15% of the total FLR airdrop to Poloniex and we will distribute the full amount of FLR we receive to XFLR holders. At that time, all eligible customers who hold XFLR will automatically receive FLR proportionally to their XFLR balance. As we distribute FLR to customers, we will deduct an equivalent amount of XFLR from their account. We will continue this process with each FLR distribution we receive until we have distributed 100% of the FLR airdrop amount. This confusion between Bitrue and Poloniex, alongside extremely thin order books, is allowing for XFLR to have Massive upside. For example, right now, as I write this, a buy order of $535,000 would push the price to 0.38. #oncepeoplecatchonthisisgonnabehuge
XLong
by orlinmyer
1
XFLR Thin Order BookI've discussed before how thin the XFLR Order Book is. I figure I'd explain what I mean by that. Let's say you had a couple million bucks to play with, and your calling was to get some Spark (FLR) token because that's gonna be the be all end all of De-Fi in the coming years. The current price is around 0.22. You put in a market order with $166,029.99, the price shoots up to 0.30. You put in another order with $138,125.43, the price shoots up to 0.40. You put in another order with $258,90.77, the price shoots up to 0.50. You put in another order with $540,352.66, the price shoots up to 0.60. You put in another order with $390,410.00, the price shoots up to 0.70. So your total market order using around $1,500,000 singlehandedly caused the price to go from 0.22 to 0.70. That's a thin order book. All the people who are following me, put in $1,000 and we have a wall street bets scenario on our hands. #justkidding #dontdothat #wellmaybeifyoureallywantto
XLong
by orlinmyer
4
XRP Master-Line (tm)XRP seems to have been following the resistance of a Master ascending line for years. This can also be seen as channel. Notice how it has provided resistance and only large swift moves seem to cross it. Dipped below the line at the beginning of that pandemic thing I've heard on the news. Able to blow by it last fall. SEC dropped us below, Reddit's Wall Street Gang seemed to pull us above. Coming resistance in the channel as see before would put us into the $1.00 range up to around the $2.50 range (close to that important $2.36 fib level) Downward resistance would be around the 0.41 level. Of course, back in 2017 we blew through this channel. Something similar would put us near $54 by the end of the year. #interesting
POLONIEX:XRPUSDLong
by orlinmyer
9
XFLR BreakoutXFLR has broken out of it’s holding pattern. Potential for 0.17-0.19 due to very thin volume. Word on the street is that FLR (Spark) will begin sometime in April/May. Someone do the research and figure out the math on how many FLR tokens will be available total, same with XRP. They are used as collateral in a 2.5:1 value ratio to provide FXRP on Flare Network. What is the required value of FLR if every single XRP available was placed on Flare as FXRP? #thingsthatmakeyougohmmmmm
XLong
by orlinmyer
8