XRP UPCOMING GOLDEN CROSS - PLUS FRACTALS - CryptoManiac101
XRP / USD TA + FRACTALS
Here we are looking at Golden Cross on 1D chart. We see that we are few days before confirmed Golden Cross, but many can already call it. We are also looking back at 2017 to see what happened back then when we had Golden Cross (When 50 MA rises above 200 MA)
What should we expect?
Daily Golden Crosses are usually looked at more as of a medium to long term bullish sign. With XRP however it's different. Looking at fractals we clearly see that Golden Cross was quickly followed by an immense pump with high volume being pumped into it. Today we're observing similar pattern where we have two mini pumps (first one smaller than the secondary pump) followed by a massive leg up (which is what we are yet to observe).
Time Frame?
According to fractals it should not be longer than just few days, perhaps even moving into early June.
What can we expect in terms of value?
It's hard to say but if we were to follow same exact trajectory as back in 2017, we should be well over $5 - $10 + in June.
Do keep in mind that this market, especially for XRP is extremely manipulated and artificially suppressed, therefor this might not pan out exactly as we've outlined above. Nevertheless, most of the times we do have repeat of prior historic movements in near perfect progression.
Prior TA on XRP
Here we are looking at Golden Cross on 1D chart. We see that we are few days before confirmed Golden Cross, but many can already call it. We are also looking back at 2017 to see what happened back then when we had Golden Cross (When 50 MA rises above 200 MA)
What should we expect?
Daily Golden Crosses are usually looked at more as of a medium to long term bullish sign. With XRP however it's different. Looking at fractals we clearly see that Golden Cross was quickly followed by an immense pump with high volume being pumped into it. Today we're observing similar pattern where we have two mini pumps (first one smaller than the secondary pump) followed by a massive leg up (which is what we are yet to observe).
Time Frame?
According to fractals it should not be longer than just few days, perhaps even moving into early June.
What can we expect in terms of value?
It's hard to say but if we were to follow same exact trajectory as back in 2017, we should be well over $5 - $10 + in June.
Do keep in mind that this market, especially for XRP is extremely manipulated and artificially suppressed, therefor this might not pan out exactly as we've outlined above. Nevertheless, most of the times we do have repeat of prior historic movements in near perfect progression.
Prior TA on XRP
