This is not financial advice, just an interesting view I created as my first TradingView chart. There's basically no technical merit to this chart, it's just a long term pattern I've observed and wanted to publish. The following statements are my observations and opinions only.
I see similarities with prior years and expect this weekly candle to close around $0.27 and hold the line... Roughly $0.27 is a long term support on the weekly so I expect the bulls to defend this. I was happy to add to my position at $0.243 the other day on the dip and short term we could range between roughly $0.25 - $0.50.
Sometime later this year or next I expect alt-season to return and with that we'll see some catalysts, fomo and hopefully a return to all time highs. BTC dominance is around 70% and I think it could go upwards of 80% along with significantly positive price action. At that point I expect the next XRP pump.
Ripple has some challenges and plenty of haters but in my opinion it's run by some of the most competent individuals in the industry, they work with regulators and it's been remarkably successful in spite of all the FUD. This is one of the strongest alt coin plays out there and worth allocating a small portion of my portfolio for the long term.
I see similarities with prior years and expect this weekly candle to close around $0.27 and hold the line... Roughly $0.27 is a long term support on the weekly so I expect the bulls to defend this. I was happy to add to my position at $0.243 the other day on the dip and short term we could range between roughly $0.25 - $0.50.
Sometime later this year or next I expect alt-season to return and with that we'll see some catalysts, fomo and hopefully a return to all time highs. BTC dominance is around 70% and I think it could go upwards of 80% along with significantly positive price action. At that point I expect the next XRP pump.
Ripple has some challenges and plenty of haters but in my opinion it's run by some of the most competent individuals in the industry, they work with regulators and it's been remarkably successful in spite of all the FUD. This is one of the strongest alt coin plays out there and worth allocating a small portion of my portfolio for the long term.