For people who have both ETH and XRP, this is an interesting chart (mostly for fun, I don’t trade on it). ETH has gone down by about 84%(!!!) against XRP in a very short time and is now almost at the bottom of a channel (still about 10% drop to go). After that it will become clear which way ETH/XRP will go… I expect it to go up again (ETH has been lagging for a while).
It looks a bit like it is repeating the situation of December 2017, where it went down by about 87% in 2 weeks. If I apply 87% drop from July 2024, it comes out exactly at the bottom of the channel. In December 2017 it then went up and later dropped another 14% from the bottom; if I apply that to the bottom of the channel it comes out at the green line (which is a copy of the situation in 2018 by the way). The green line matches with the major ressistance in July 2019 which will become a major support.
Interesting to keep an eye on.
It looks a bit like it is repeating the situation of December 2017, where it went down by about 87% in 2 weeks. If I apply 87% drop from July 2024, it comes out exactly at the bottom of the channel. In December 2017 it then went up and later dropped another 14% from the bottom; if I apply that to the bottom of the channel it comes out at the green line (which is a copy of the situation in 2018 by the way). The green line matches with the major ressistance in July 2019 which will become a major support.
Interesting to keep an eye on.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.