Hello
Wise men once told me that "the simplest solution is most likely the right one".
When learning technical analysis there is some ground base theory that should be known. Namely Elliott Wave theory and The Wyckoff method.
Following the later we can speculate that XRP is in classic accumulation phases.
If it reach back into is 2018 - 2019 trading range I expect the price of XRP to go much higher in the future.
I link The schematic #1 for comparison and I left a link below to a complete description of the theory. It should be a nice addition to your analysis kit.
https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffaccumulation.png
This analysis is only my own opinion and should not be considered as investing advice.
Halv a nice day.
school.stockcha...ts.com/doku.php?id=market_...
Wise men once told me that "the simplest solution is most likely the right one".
When learning technical analysis there is some ground base theory that should be known. Namely Elliott Wave theory and The Wyckoff method.
Following the later we can speculate that XRP is in classic accumulation phases.
If it reach back into is 2018 - 2019 trading range I expect the price of XRP to go much higher in the future.
I link The schematic #1 for comparison and I left a link below to a complete description of the theory. It should be a nice addition to your analysis kit.
https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffaccumulation.png
This analysis is only my own opinion and should not be considered as investing advice.
Halv a nice day.
school.stockcha...ts.com/doku.php?id=market_...
Trade active:
Buy the dip.
Buy the dip.
Trade active:
the price is currently on the 0.76 Fibonacci retracement level.
a daily close below it and I will have to exit the position.
the price is currently on the 0.76 Fibonacci retracement level.
a daily close below it and I will have to exit the position.
Trade closed: stop reached
