🔸Signal Info: Ethereum
Rank: #2
Exchange: Binance
Direction: LONG
🔸Analysis: What we have here today is an overlay with two class 1 competitors. Ethereum and Ripple. The chart compares their percentage gains since the start of the year. XRP is heavily undervalued right now, yes, but we can see some correlation to Ether. Not exactly inverted, sometimes late, sometimes in sync.
Earlier the pump cycle went off first on Ether (02 Jan). XRP went off (06 Jan), and both pairs sold off good profits on 10 Jan (±65%🤯).
Following that cooldown, both pairs went into a bullish uptrend, stopped short on both charts by the classic wedge formations, these, however, differ on the pairs. ETH #rising_wedge, XRP almost #symmetrical_triangle, especially early on. Your classic technical analysis will reveal why traders got so bullish on XRP over the last two days.
Ether is still range-bound, approaching buy zone. Professional traders will dump XRP, buy ETH as we wick out in buy zones. XRP has enormous upside, but right now, we should build long on ETH.
We are expecting growth of about 60% on the next ETH cycle.
🔸Current Price: $1 352
❇️Entry: $1 330, $1 299
♦️Stop Limit: $1 277sats (-5%)
Rank: #2
Exchange: Binance
Direction: LONG
🔸Analysis: What we have here today is an overlay with two class 1 competitors. Ethereum and Ripple. The chart compares their percentage gains since the start of the year. XRP is heavily undervalued right now, yes, but we can see some correlation to Ether. Not exactly inverted, sometimes late, sometimes in sync.
Earlier the pump cycle went off first on Ether (02 Jan). XRP went off (06 Jan), and both pairs sold off good profits on 10 Jan (±65%🤯).
Following that cooldown, both pairs went into a bullish uptrend, stopped short on both charts by the classic wedge formations, these, however, differ on the pairs. ETH #rising_wedge, XRP almost #symmetrical_triangle, especially early on. Your classic technical analysis will reveal why traders got so bullish on XRP over the last two days.
Ether is still range-bound, approaching buy zone. Professional traders will dump XRP, buy ETH as we wick out in buy zones. XRP has enormous upside, but right now, we should build long on ETH.
We are expecting growth of about 60% on the next ETH cycle.
🔸Current Price: $1 352
❇️Entry: $1 330, $1 299
♦️Stop Limit: $1 277sats (-5%)