Following on from our previous prediction we're of the opinion XRP shorts will continue to collapse due to the market reversal and nothing but positive news all year about XRP
Trade deficit paints the picture. New Zealanders import $1b NZD more than they export every month. Despite outward appearances the NZ economy is not doing well. Trade deficit continues to widen. US dollar continues to strengthen. Suspect the NZD will continue its down trend until it hits the bottom of extremely long term rising triangle.
Following on from our last prediction we expect a retest of resistance at ~80c
Recession means people cash out of stocks, bonds, equities, etc. into USD.
Crude OIL is an essential feedstock to the global economy. When the economy goes into recession OIL usage plummets as the structure of production recalibrates to account for misallocated resources. OIL heavy industries scale back, travel scales back, people save money and travel less. 2019 will be the beginning of a new 10 year cyclic recession period. The first...
Despite the ongoing bearish sentiment against crypto in general, XRP continues to enjoy improving fundamentals. The stubborn resistance at 30c is probably smart money accumulating the bottom. Falling wedge on the 4h indicates a tick up, forming a double bottom with the recent September lows. This is consistent with our long term outlook below.
XRP will head north of 50c in the next 2-4 weeks as the highly leveraged shorts at ATH collapse. XRP is heavily oversold.
With real banks using RippleNet and R3 Corda to settle international and (in the case of Japan) national payments over the public XRP ledger using XRP this coin now has the most real world adoption of any crypto, and the most potential. Shorts at all time highs demonstrate price suppression. Now at the bottom of the long term channel the reversal is obvious and...
With real banks using RippleNet and R3 Corda to settle international and (in the case of Japan) national payments over the public XRP ledger using XRP this coin now has the most real world adoption of any crypto, and the most potential. Shorts at all time highs demonstrate price suppression. Now at the bottom of the long term channel the reversal is obvious and...
This coin has been the testing ground for Bitcoin core's failed scaling solutions. With the founder having sold his coins and the scaling solutions failing to deliver, these early Bitcoin clones' days are seriously numbered. Not much stands between here and long term demand zone at $5.
XRPUSD/T is a repeating pattern. You've seen it twice already. There comes round #3. Target $11.50. DON'T MISS THIS ONE!!!
Ethereum has no scaling and no hope. The only blockchain crashed by a cat game and FUDed by its own lead developer. Expect $80 as the price falls to the long term demand zone.
H&S pattern on the hourly chart. XLMUSD hasn't finished correcting from the January highs yet. Demand zone is around 2c. Full correction will almost certainly occur due to poor fundamentals. This market abhors vapourware and vapourware partnerships and XLM has them in spades.
XRPUSD/T is a repeating pattern. You've seen it twice already. There comes round #3. Target $11.50. There's not enough XRPUSD data to go back for the other iterations of the fractal. See the follow idea on XRPUSDT for the full version: