Three XRP Scenarios: catching up with historical values
Updated
Hey guys, I understand how getting simple LONG/SHORT advice is preferred by many. I personally think that with crypto, even more experienced technical analists can draw massively wrong conclusions. I think it's much more logical to supply people with a plan for when certain events happen in different scenario's. This will also stimulate the learning community which I think is important for a healthy financial ecosystem.
This has been my first idea on tradingview. I see people who guess the future price of an asset get praised and the people who guess wrong burned. I would like all/most of my future ideas to only supply insight in scenario's, and let the reader decide what to execute. I am hoping to show people what it is like to take responsibility for their own mistakes and successes; not blaming the market but blaming yourself is ultimately what makes you actually learn.
This has been my first idea on tradingview. I see people who guess the future price of an asset get praised and the people who guess wrong burned. I would like all/most of my future ideas to only supply insight in scenario's, and let the reader decide what to execute. I am hoping to show people what it is like to take responsibility for their own mistakes and successes; not blaming the market but blaming yourself is ultimately what makes you actually learn.
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Ripple price action! This may trigger scenario 3. Let us hope!Note
XRP news caused a massive increase in price in a short period. A healthy/expected retrace to about .5 fib levels has happened. Scenario 2 and 3 more likely. This does NOT mean XRP won't retrace lower again. IMO a retrace to 1.8 would be needed for any healthy bullish move in the near future.
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