In this video we review the price action we have seen this week on the Ripple XRP Price chart, along with the XLM chart which has seemed to lead the way. If the XRP chart were to follow the XLM price chart, where would the price pump to? According to the Fibonacci Analysis, it would reach around $0.27.
However, we all want to see this break into a new bull market. And right now, Stellar has not proven that is what is occurring here. Stellar Lumens has been knocked back in this 0.618 – 0.702 zone, the key retracement zone. In order to confirm a trend change, and more than just a retracement, these levels MUST BE CLEARED and BROKEN UP.
I also discuss the Bitcoin block halving in this video and the effects I expect on the market once the block reward is cut in half. BULLISH.
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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.
