montell23

ETHEREUM has reached a short term high of 4000 USD per coin. Unfortunately the coin hasn't gained momentum after reaching this price. The 3rd wave has terminated and we have ticked off all the conditions that ensured that the termination is valid. we also seen liquidy at our 0.786% fibonacci retracement level after our first imminent drop after reaching the psychological price level of $4000. We could potentially see the price drop to around $3000 or less per coin. After this drop then we will see some sort of a great exponential bullish sky rocketing run. But for the weeks to come it will take a while to see the price drop to the price level of $3000 or less due to alternation. Our 2nd wave correction was sharp and fast and now we will be seeing the price of eth drop but at a much slower rate.

This is the second analysis that I posted for the pair. XRP is expected to drop to the below zone before we gain some proper bullish momentum. We have the market being corrective sideways due to wave alternation. we can target 3.000 or more. Or take profit goals can be later adjusted to market conditions

With altcoins like XRP appreciating in price, we will see our two main cryptos decrease in price as people diversify their portfolios into altcoins. ETH is corrective at the moment and will likely find support at $3100. After this we can start buying ETH again and then take profits at the price of more than $3800 per coin, with the coin possibly exceeding the $4000 mark

XRP is dropping on the short timeframes. We can buy at this potential price and liquidity zone as we will now be having a strong level of support. We can then have our take profit exceeding 3.000 per coin.

XRP is destined to rise. The inflow of money into altcoins has had xrp to have one of the largest market caps.

Bitcoin has recently seen outflows exceeding $438 million dollars.It failed to top $100,000 per coin, it has also been overbought. we likely to see bitcoin dropping to less than $90,000. New current lows will make the asset more appealing and more affordable to investors and what many call the dip will be imminent soon, this will increase buying power and money inflow which will then raise the price to new highs.

Ethereum has recently shot up in value however, it is currently trading within a range and its likely to retrace. with the new highs we likely to see the price drop before it continues its overall bullish momentum.