$0.30 XRP Coming Soon?My Fellow Crypto Traders,
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ANALYSIS:
XRP has been in this region of accumulation for over 2 months and finally seen some positive price action due to the heavy correlation with BTC. However, XRP could be ready to make a move of its own with SPARK airdrop nearing, in which the screenshot is Dec 12. With that said, currently the 9EMA has just crossed the 20EMA and the 50EMA to the upside in which I expect a minor pull-back, and then off to higher highs. Food for thought, we seeing whales heavily increasing their bags of XRP.
Spark
Here is a buy setup in Spark New Zealand $SPKSpark New Zealand is holding up very well after last week market downturn.
We can see Spark New Zealand still above all three rising moving averages at the current time of this post.
Technical indicators are showing a strong possibility sell volume are near the end and buyers are coming back in to take control.
However, the RSI turned back down today, therefore...a good entry point is when the price can breakout of the previous resistance (yellow line).
QCOM 5GWith 5G release imminent, Qualcomm aims to be one of the biggest exporters of this service, behind Huawei. This bullish fundamental analysis is also based on present chart patterns including a bull flag on the daily chart, a clear parabolic uptrend, a LARGE bump and run, a bullish MACD, and a possible break above the mirror top level that was provided by the previous massive bull run. Will QCOM soar?
UNITI WIRELESS potential move to 81.5c $UWL, a recent IPO listing in the wireless telecommunication space has shown strength over the past few weeks with the first wave moving the stock from a 17.5c base to a 43c high (+146%) before consolidating on declining volume and running a further 60% from 42c to 67.5c, volume is again dropping off as the prior move is consolidated at circa 55c which sets up a potential third wave with a target of 81.5c (+48%)
The company have made one acquisition since listing a few months back and have recently attempted another as their strategy to become a major wireless internet provider takes shape. The company have also attracted some notable investment from industry veterans such as Philip Cornish, founder of Vodafone Au
Support at 43c (or -22%) has been prior resistance therefore becomes the SL point for this trade concept which gives the trade a risk reward ratio of 2.21
LOV TRYING TO BREAK THE DOWNTREND?LOV has broken a lower degree downtrend and it seems trying to break the second one. Let's see how it develops. A strong breakout of the lower dotted line can invalidate this setup.