CRYPTOCAP:XRP.D THE dominance break out a Triangle after 105 days. first of all dominance should break the 2.28 level which shown in fib retracement in 0.236 after that we can buy more XRP ,until level 2.28 is broken ,the dominance can test weekly support. I believe in the coming weeks the dominance can cross the specified levels which can increase the price of XRP.
The dominance of XRP (2.21%) and BCH D. = 0.65% of the weekly MACD looks different or opposite to the dominance of other altcoins when btc dominance is on the rise (BTC D. = 48.28%). Seems to be trying to make a crossing. Some altcoin dominance that appears to be declining from MACD's current monitoring are: ETH D. = 18.05%, OTHERS (11.9%), BNB D. = 3.45%, ADA D....
If it breaks out above, could be headed for 15+
XRP continue up in this dominance. I wanting to share this like my own opinion and idea. XRP it's up to 3.65% of dominance, and that it's a good news for this cryptocurrency. Now, I put these target that maybe in the end of this bull rally, I going to apply this strategy to sell perfectly my XRP coins in the good zone to get my proits in this bull rally, altseason...
with LTC they make Jurassic park. Who said XRP is breaking out? Under long term support since January. Must reclaim support to have any hope.
This is the same chart from February called "XRP will die at the end of January 2021", I added some more details. The last pump which i believe was an exit pump, did a fakeout over longterm support and was rejected by the orange longterm diagonal support. The fakeout and rejection is extremely bearish and resulted in a zone of trapped buyers ( a lot of whom post...
Ascending Triangle formed XRPUSD broke resistance, awaiting confirmation
78.6 Tapped, a drop in dominance will coincide with a drop in price. Awaiting the weekly close.
After the last bullish move upwards called using a fibonacci last time, I think we are about to see the next one by this week. Should this 78.6 hold, we should either see XRP rise and take in more $$, or BTC fall and lose dominance.
get ready to take off, please check that your seat belts are fastened . not finanvial advice
Just using another fib like last time, should the 78.6 hold over the weekend we should be in for another move upwards.
The latest pump and dump put the last nail in the coffin. XRP.d has been twice rejected from major resistances which result in severe drops. Loss of 1.50 will send it to zero. Actually these major resistances are part of a gann fan that i drew in April 2020 (original idea below). You can see the gann fan if you zoom out.
This shows the % of the market XRP has, in alignment with my fibonacci set up on the normal chart, this one shows the same thing. We have retraced to the 78.6 and already moved from this zone, a move higher would be a perfect bait and switch whilst people FOMO into other alts like Dogecoin.
Never saw a more bearish chart and this is the monthly. Here goes: -Dom rejected from descending triangle resistance. -Dom fell under long-term rising trendline -Dom monthly closed way below major longterm horizontal support. -Mega bearish engulfing monthly candle, almost 70% larger than the bullish candle. -MACD has been in the red forever. How is bullish?
Same same as ether but with SEC drama to f# up newbys, just remeber tsla hittin by sec and what? quadripled since this time. Go beyand b#ch