Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. However, today's analysis is a quick look at where we are in terms of the MAcro cycle on XRPUSDT. We take a look at trendline analysis, support zone and resistance zone, Fibonacci as well as the new CryptoCheck START V3.5 Indicator to give us an idea when we might expect to see a parabolic run on XRP.
The XRPUSD chart is self explanatory and in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits.
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Consolidation underneath a resistance zone is BULLISH Consolidation on top of a support zone is BEARISH