Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. Including:
AND
These posts cover the fundamentals and key concerns for altcoin XRPUSDT. However, if we take a look at the actual chart, it doesn't look great (in all honesty). Ideally, on any coin, you want to see growth. You don't want to see a continious return to lowest lows. Instead, like Bitcoin, you want to see higher lows over time and higher highs. Now one could argue this observation two ways : either for or against XRP. Which ever way you decide to argue, it's noteworthy to appreciate the simplicity of the market cycles occurring on XRP - Pump , Dump, and Consolidate until next Pump. We've recently seen a +30% pump, can you guess what comes next?
I think the chart is self explanatory; in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits.
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