Dear my friends,
Recently, I've been hearing a lot about Ethereum ETFs. Everyone is anticipating a breakthrough price increase similar to the Bitcoin ETF. In my personal opinion, this event is not a significant enough catalyst for market growth. There may be some capital inflow, but it won't be as substantial as we might think. Personally, I believe that news to trigger growth might come from LTC or XRP or some other old large-cap coins. Particularly, when observing the daily timeframe of the XRPBTC pair, I am more hopeful about this. Observing the price action, a breakout has been confirmed. The price has moved away from the long-term downtrend line. Looking more closely, the RSI indicator has confirmed this since early May 2024. If we look at the Ichimoku cloud, it has become very thin and a green cloud has appeared ahead. Regarding the price of Bitcoin, I still hold the view that a necessary correction is needed. However, this will not affect the price increase of XRP. So what I will do now is start DCA (Dollar-Cost Averaging) for XRP. The short-term target is the 1u price range. The medium-term target is 1.55u-2.3u. The highest level I expect for this season is 3.3-5.5u. I will only enter on SPOT and this is just my personal opinion, not any financial advice.
Best Regards,
Recently, I've been hearing a lot about Ethereum ETFs. Everyone is anticipating a breakthrough price increase similar to the Bitcoin ETF. In my personal opinion, this event is not a significant enough catalyst for market growth. There may be some capital inflow, but it won't be as substantial as we might think. Personally, I believe that news to trigger growth might come from LTC or XRP or some other old large-cap coins. Particularly, when observing the daily timeframe of the XRPBTC pair, I am more hopeful about this. Observing the price action, a breakout has been confirmed. The price has moved away from the long-term downtrend line. Looking more closely, the RSI indicator has confirmed this since early May 2024. If we look at the Ichimoku cloud, it has become very thin and a green cloud has appeared ahead. Regarding the price of Bitcoin, I still hold the view that a necessary correction is needed. However, this will not affect the price increase of XRP. So what I will do now is start DCA (Dollar-Cost Averaging) for XRP. The short-term target is the 1u price range. The medium-term target is 1.55u-2.3u. The highest level I expect for this season is 3.3-5.5u. I will only enter on SPOT and this is just my personal opinion, not any financial advice.
Best Regards,
Dagangan aktif
Be Patient!Dagangan aktif
I have been wating for this: XRP/BTC: 0.0000138 -> 0.0000111 -> moon!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.