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.
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
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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.
