XRP&CRV Analysis 07.02.22-Right perspective
The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.
Hello everyone!
My motto is Keep things simple.
Follow the Trendlines, not the Headlines.
I will try to show you what I see.We will look at many altcoin analyzes.
Today,
Let's start with XRP (Ripple)
Let's look at the 4 hour chart,we are at 0.75-0.76 which is our resistance zone.Price dropped from here.So for us this is an important resistance zone.As you can see after 2 good candles here the price has stopped.It can linger here a bit.But if bitcoin continues to rise like this, I expect our journey to 0.80 to accelerate.If passed there strong 0.8650 resistance zone will be waiting for us.
Let's take a closer look at what might happen in the near future.
CRV (Curve DAO Token)
If bitcoin pulls back a bit, and after that it continues to rise The xrp.0.80 resistance zone and the Trend Based Fib Extension 0.705 are coming to the same place and I can expect a move towards there, showing the same zone for pause.
Next is CRV ( Curve)
Market Cap is 1.546.952.034 $. Not bad..It's a defi project and I think the defi projects will go up nicely this year.Let's talk about the chart.
Examining the 4-hour chart, we see that we are currently in the exactly 3,570 resistance zone.We can get some reaction from here It's okey.As long as bitcoin stays strong like this, I expect good attacks from Crv.If we can get past the purple resistance fast, I can say that we can easily go up to 4.1. But At 3.8 people can take profit and make that price spend some time at those levels.If bitcoin drops a little, Our 3,250 support zones will defend us.
On the left side of the graph you can see how they defended it, that's exactly what I trust :)
If you want to take a closer look at the chart, I leave it here for you.
Btw I'm thinking of increasing the analysis of altcoins day by day.
Those were my market comments today, thank you for reading.
See you again soon. I will be here after this.
Respects.
I also love watching cryptocurrency. Interesting information