Hello everyone!
This is my first crypto idea that I'm publishing and I'm sharing it with you.
Technical analysis:
For the third time, the price is currently heading towards the last support, rebounding from the local downward trend line. If, after rebounding from the 0.8 $ price, xrp dasn't break the trend line, it will drop to the level around $ 0.7 where there is a strong resistance line. Even if the price drops so low, it will still be a higher low than the previous one, which looks really good.
Target Fib 1.618 is pointing at $ 2.87.
Fundamental analysis:
1) On the other hand, I'm very bullish about xrp and I'm not going to sell it until the end of 2022, because during this time there will be a clarification of the SEC lawsuit. The price will shoot a lot when the case will be positive for Ripple.
2) Bitcoin's dominance drops below 40%, which indicates a high probability of starting the altsseason
Personally, I entered the second short-term low at $ 0.81 with a stop loss set at $ 0.8 and another $ 0.7 entry prepared if the order was canceled,
Greetings.
This is my first crypto idea that I'm publishing and I'm sharing it with you.
Technical analysis:
For the third time, the price is currently heading towards the last support, rebounding from the local downward trend line. If, after rebounding from the 0.8 $ price, xrp dasn't break the trend line, it will drop to the level around $ 0.7 where there is a strong resistance line. Even if the price drops so low, it will still be a higher low than the previous one, which looks really good.
Target Fib 1.618 is pointing at $ 2.87.
Fundamental analysis:
1) On the other hand, I'm very bullish about xrp and I'm not going to sell it until the end of 2022, because during this time there will be a clarification of the SEC lawsuit. The price will shoot a lot when the case will be positive for Ripple.
2) Bitcoin's dominance drops below 40%, which indicates a high probability of starting the altsseason
Personally, I entered the second short-term low at $ 0.81 with a stop loss set at $ 0.8 and another $ 0.7 entry prepared if the order was canceled,
Greetings.
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.