Will XRP break the 200 day MA ? Bull versus Bear scenario.
I think most people are VERY familiar with the 2 year fractal duplication. We've been fractaled to death with the DREAMERS drawing it ad nauseam. Well, I'm a dreamer too. So this chart keeps it real with a BULL (green) and a BEAR (red) scenario.
- BULL scenario. We finish off this fractal with a break through the 200 MA, just like it did for the Dec 2017 bull run, to finalize this fractal.
- BEAR scenario. XRP keeps trading in the channel. Notice it comes back up to the 0.5 fibonacci for the previous inside-channel cycles. I did not draw this so as not to clutter the chart. But, if we again do another bear cycle, expect it to come back up to the 0.5 fibonacci end of November 2020. So, worst case scenario (if chart correct), you invest now and get your money back at end Nov 2020.
Not a bad play if you ask me.
- BULL scenario. We finish off this fractal with a break through the 200 MA, just like it did for the Dec 2017 bull run, to finalize this fractal.
- BEAR scenario. XRP keeps trading in the channel. Notice it comes back up to the 0.5 fibonacci for the previous inside-channel cycles. I did not draw this so as not to clutter the chart. But, if we again do another bear cycle, expect it to come back up to the 0.5 fibonacci end of November 2020. So, worst case scenario (if chart correct), you invest now and get your money back at end Nov 2020.
Not a bad play if you ask me.
Comment:
Credit to Blockchain Backer and D.I.Y Investing on YouTube, whose ideas I basically plagiarize. Those guys are good.