Hello, guys.✌🏻 I have decided to look at XRP and now I see an interesting situation. We all saw a major breakout yesterday. Obviously, we saw a great amount of liquidations near the zone of interest. On a small timeframe(5 minutes) on BTC and ETH i saw a pattern, which looks like an accumulation. Surely, we should not rely only on this. As we can see, the price comes to the previous major LOW and is quite hesitating here. To my mind, this could be our last point before the major move up to the target of 2 Dollars. I have 2 possible points of entering. The risky one is right now, while Im writing this article when the price is 0,94. Another point is more conservative. We should wait for a conformation of a BOS and the touches of FVG, which aim is to stop price for a moment. And then, if we see liquidity and potential Bar of interest, we might take a good long up to WRB Zone, another BOI (Bar of interest) on a 1D frame or even take it up to 2 dollars.
Why i think that it might be the last major potential low in the cycle. You might say "ok, man, but why price cannot go lower? we have like a lot of gap down here which we will sooner or later closer." Yeah, you have a point. But, i think we haven't grown too much to close them. It takes a lot of money to go lower and it is much easier to fall after 100% growth than spending a lot of money on that now.
Next time i will take a serious look at ETH and try to explain why i think that it's only the beginning of a bullish cycle.
It will be interesting to read your commentaries :) 😁
Thank you so much for your activity and support. I appreciate it 🥰
AND ALWAYS REMEMBER: This is only my opinion and point of view. You shouldn't consider it as a financial advice. Always trade wisely and put Stop Losses.
Why i think that it might be the last major potential low in the cycle. You might say "ok, man, but why price cannot go lower? we have like a lot of gap down here which we will sooner or later closer." Yeah, you have a point. But, i think we haven't grown too much to close them. It takes a lot of money to go lower and it is much easier to fall after 100% growth than spending a lot of money on that now.
Next time i will take a serious look at ETH and try to explain why i think that it's only the beginning of a bullish cycle.
It will be interesting to read your commentaries :) 😁
Thank you so much for your activity and support. I appreciate it 🥰
AND ALWAYS REMEMBER: This is only my opinion and point of view. You shouldn't consider it as a financial advice. Always trade wisely and put Stop Losses.