分析

[Preston Coin Headlines] Are the bulls back? And what does BTC, ETH, XRP, and marijuana stocks like TLRY all have in common? (Part 2/2)

                        Ethereum is currently trading at $243 while facing some pullback. If you guys have been following my Ether predictions either here you can see that they have been almost perfect. From 9/14, 9/17, 9/18, 9/19, 9/20 the retracements have all been called. Ethereum is following a possible end of a Wykoff Distribution phase and is trying to complete a Wykoff accumulation phase. It is following typical wave patterns of retracement then breakouts. On the daily charts, we can see that Ethereum’s 8-day EMA is trying to finally cross over the 20-day EMA, something that has not been done since July 18th – July 29th but has not really been trending above the 20-day EMA since April to May so this is a pretty big deal. Because we are going to see some rejection at $250 that’s to be expected, the price should continue moving up once the next retracement happens. MACD has already crossed upwards and it would be smart to catch this momentum. Ethereum should reach $262 before pullback because this is where the 61.8% Fibonacci level is.

            The biggest news story of this week and biggest gainer by far has been Ripple ($XRP). I have been saying for the past 2 days that the price cannot be sustained. XRP had hit a high of $0.79 for a 190% increase before facing rejection and now has dropped 30% in the matter of 12 hours. I would not buy right now at $0.55. It is currently trying to test the 50% retracement line but is getting rejected at the 38.2% Fibonacci level meaning that the price is most probably going to retest the 61.8% at $0.47. Even though that has been a 190% increase and increasing volume, the fundamentals behind this move is not strong enough for me to consider this a valid trend. People are suspecting the move upwards is because of the announcement of the xRapid launch but there was not even a specified date and supposedly it’s supposed to be by years’ end. This news is too ambiguous to explain this price movement especially since the news came out 1.5 days before the actual swing up. DO NOT BUY right now, it is very risky to enter Ripple at this price.




閱讀 2888

分享到:          

郑重声明: NewCoins168网站提醒广大读者用户根据实际情况谨慎投资。本网站文章观点以及内容分析仅供参考,并不构成任何投资意见或建议。风险自控。转载文章仅为传播更多信息之目的,版权归原作者所有。如有侵权/错误不完整之处请第一时间与我们联系。


致讀者: 親愛的讀者,為了盡量消滅錯別字,給您帶來最好的閱讀體驗,NewCoins168網站即日起實施“零錯行動”,邀請廣大網友一起來參加這個有獎活動。參與方式有兩種:1)對文章中的錯別字,讀者在文章評論區留言,用文字指出其具體錯誤;2)將錯別字的截屏圖片發到NewCoins168網站總編的郵箱serena@newcoins168.com 。情況如果屬實,NewCoins168網站會在第一時間做出調整,並對提出問題的網友給予相應的獎勵。

關於分析師

Preston Hom

交易平台(ICO68.IO)分析師。Newcoins168網站ICO分析師,曾擔任現代美國汽車公司的數據分析師。2013年畢業於加州大學爾灣分校。 在目睹身邊的朋友通過首次代幣發行(ICO)投資的高回報率賺了數百萬美元後,Hom進行了第一次ICO投資 。他通過識別宏觀趨勢,研究和分析,成功將自己的所有投資增值,回報率最高達到4000%左右。他認為,區塊鏈技術與互聯網起源的獨創性相似,在web 3.0創新技術的帶動下,區塊鏈技術將會為世界提供更多成功的機會。

留言

快來評論吧!