Tap Global sustains high PVT. . . the Break out will be huge.Hello everyone,
The value proposition for Tap Global and XTP is simple: In a post FTX collapse world, the need for regulated exchanges is greater than ever. However, XTP is more than just a regulated exchange as the platform serves for both your traditional banking needs and new digital desires.
At the very end of 2023 I stipulated that XTP would "become a meme". Days later, XTP did a 9000% return. This rally was based on the facts outlined above and fuelled by the listing of Tap Global on the Stock Exchange.
As expected the rally retraced -90% and provided the opportunity to re-accumulate at much lower prices.
In recent months XTP has found itself inside a tight accumulation range and the next push to the range high may relinquish the XTP left in the order books. It is important to note that XTP is only available on minor exchanges, which is in fact beneficial for early investors.
Despite the -90% retrace we can observe that the Price Volume Trend sustained its high level. This is a great indicator for predicting the future trend of a currency or security and I use it when there is a change in market sentiment as it affirms or disproves my analysis.
A future rally towards higher prices is inevitable given the broader bullish market conditions.
Win, share, educate.
