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strictly
Sep 8, 2019 1:12 AM

XRP: Flashback! 

XRP / US DollarPoloniex

Description

This was the original chart that has inspired many! I posted this chart well before it became popular, and I am stlll ahead of the XRP price!

Cheers!
Comments
BlockchainYahoo
it could start peaking in another 9 months based on previous rally from march to dec
BlockchainYahoo
looks like this is it...its time to fly to mars just like Tesla
Chris_Evan
There are not enough data points to draw trendlines.
strictly
@Chris_Evan, Thanks Chris! All opinions are welcomed here! I understand your point about needing more data points, but the analysis I am using is primarily from Elliot Wave, and in particular, the "Channeling Technique" which allows the technician to forecast price by framing in the boundaries of the entire structure. That said, there is no guarantee that price will automatically "jump" at the given boundary, but it gives an overall picture of where buyers may step in and purchase the asset, which would cause the price to respect the boundary...thus, in this case, we only need 3 data points in order to place our channels. Please see chart below. Hope this helps.
MexGT
So many questions ... March 2017 XRP bull run started when BTC reached its previous ATH of 1.3k and as for now, XRP seems to be completing the fractal but BTC has yet to reach 20k, more over ... a 2nd pump will most likely happen once BTC reaches its new ATH and profits flow into alts, like it did on Nov-Dec 2017 for XRP. The price targets of XRP are the real enigma here lol ... have any for now? Cheers
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