XRP: We might be replicating 2013-2017 period!
Güncellendi
As you know, i've published previously a couple of ideas on XRP (since february) talking about this curious arc trend (pink line) and how XRP has respected it through its rallies.
Besides XRP has found a strong support on a second touch on it (and probably the bottom), i noted that i was looking at the small pic of 2017 only in my previous analysis, but looking back further i could notice the similarity of the periods 2013-2017 and 2018- 2021 and here's why:
-Both periods of accumulation lasted : 3.24 and 3.38 years (so far) respectively
-the arc trend works the same way shaping the critical XRP supports when touching it
Now if we are right, the next question becomes: would it also reach the crazy price % targets it reached in the first one? which might be around >200 dls?, sounds irreal but time will tell.
Interesting fact is that all the bull cycle from the 2017 breakout lasted 276 days (that's less than a year!), will this one be around that long?
*******Please click on follow for more charts on XRP and bitcoin!!********
Besides XRP has found a strong support on a second touch on it (and probably the bottom), i noted that i was looking at the small pic of 2017 only in my previous analysis, but looking back further i could notice the similarity of the periods 2013-2017 and 2018- 2021 and here's why:
-Both periods of accumulation lasted : 3.24 and 3.38 years (so far) respectively
-the arc trend works the same way shaping the critical XRP supports when touching it
-The second strong touch marks the impulse for the breakout
Now if we are right, the next question becomes: would it also reach the crazy price % targets it reached in the first one? which might be around >200 dls?, sounds irreal but time will tell.
Interesting fact is that all the bull cycle from the 2017 breakout lasted 276 days (that's less than a year!), will this one be around that long?
*******Please click on follow for more charts on XRP and bitcoin!!********
Yorum
Update: The Trand is still active and helding so far!, could we now see a breakout to the upside? What are your thoughts?**click on Follow for more charts**
Yorum
Currently Holding support on the pink line, while bitcoin is starting a recovery...Do you think we'll have something interesting soon?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.