In this video I review the XRP chart and the Altcoin Market Cap chart to show the things I am seeing in the digital asset market right now. As discussed in previous videos, the .702 Fibonacci level is a level I have discovered as being the most important level when analyzing cryptocurrency charts. Yesterday, the Altcoin charts were pressing against this resistance level, and we expected to have a pullback from there. Today, we felt that pullback.
XRP’s price chart shows that we have completed a back test of a trendline breakout, and also are testing the level we previously recognized as the highest volume profile of the visible range dating back 1.5 years.
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.