ETH/BTC pair looks strong at this stage
If, history happens.
And only if!
If is the Laconic sentence that everyone in crypto word is saying: if!
"concise, abrupt," 1580s, literally "of or pertaining to the region around ancient Sparta in Greece, probably via Latin Laconicus "of Laconia," from Greek Lakonikos "Laconian, of Laconia," adjective from...
After a very sharp rise followed by the trend line break out, due to some fundamental issue, xrp dropped massively. However, it could still maintain the broken trend line in USD weekly chart.
As long as the price is above this line, there is a possibility for recovery.
Avoid panic buy/sell, try to avoid major margin (max 2-3), and keep calm.
This is not a...
comparing the trend with 2017 could provide some major findings:
1- The pattern is quiet similar
2- The fluctuations are much less than 2017, giving the news that the BTC market is much more mature.
No financial advice.
It is quiet clear that EOS is one phase behind most of Alt coins. It did the ATH a bit later than all other coins and obviously the correction ends on a later stage.
Closure of weekly candle above USD 3.2 on EOS should be taken very seriously, this coin alone could make us rich!
I don't have any idea where can it go? ATH? more? 200 USD? I don't know, but a...
From the time I got to know xrp, 2500 satoshi has been an essential static support/resistance.
I cannot definitely advise whether it could maintain this level or not, but if it does, the next essential resistance is 6000 satoshi which is some 140% more than current price.
In case of failure I will say good buy to xrp for some times (maybe forever).
XRP at least smashed 4 triangles and showed no respect to any symmetrical pattern so far in the wave to like pattern, I guess given the MACD Strategy sell on BTC and XRP, it looks like that xrp will retest USD 0.42 to USD 0.46 which could nicely be in line with BTC USD 17,300 and xrp/btc=2500 satoshi.
Remember, 2500 satoshi has been a critical level for xrp/btc...
If and only if the history repeats itself on LTC, we can see an uptrend of 3 month to touch ATH around 350 USD.
This could continue further with an ATH breakout which could possibly take us to some 3,000 USD.
This is not a financial advise. This is a very simple chart, on monthly candles, and may fail.
I personally walk with market, currently holding some...
I have been trying to analyze xrp/usd, sometimes it works perfectly, but in many occasions you need to respect to xrp/btc as it is the main driver.
You can see a very clear triangle, which I expect to be broken upward given the ichimoku format. The next goal is around or on 6000sat.