This shows the 2 scenarios I see playing out this month.
I think we fill in the wick towards $0.66 either way, but once we see that we could either:
1. Continue higher breaking $0.80 and moving towards $0.95 - $1
If we see a high timeframe candle closes above the wicks at $0.77 - $0.78
2. Once we retrace back to $0.60, we slowdown again enticing more noobs looking to make a quick buck.
A move back to $0.40 - $0.25 would be a great way to shake out more people who jump back in at $0.60+
The dominance chart also shows the same bullish move coming soon:
Either way $1 - $2+ this year is inevitable at this point and they're rookie numbers.
The use cases behind XRP are needed more than ever during a liquidity crisis.
Once XRP comes to solve the liquidity crisis, supply v demand would make it much higher than $1 - $2
I think we fill in the wick towards $0.66 either way, but once we see that we could either:
1. Continue higher breaking $0.80 and moving towards $0.95 - $1
If we see a high timeframe candle closes above the wicks at $0.77 - $0.78
2. Once we retrace back to $0.60, we slowdown again enticing more noobs looking to make a quick buck.
A move back to $0.40 - $0.25 would be a great way to shake out more people who jump back in at $0.60+
The dominance chart also shows the same bullish move coming soon:
Either way $1 - $2+ this year is inevitable at this point and they're rookie numbers.
The use cases behind XRP are needed more than ever during a liquidity crisis.
Once XRP comes to solve the liquidity crisis, supply v demand would make it much higher than $1 - $2
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.