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The bull run has been going on for a week, where will BTC go?
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$XRP Analysis Updates (Long term and short term trading) XRP have been running in the range (0.2994 to 0.7505) from July 13, 2022 till now. The highest price was 0.9647 on July 10, 2023, and then fell back to the range in an instant (see pic 1). This is a long time for investors to wait, and it is neither good nor bad for traders. It is bad for traders because the small fluctuations mean no big profits; it is good for traders because it follows a pattern in two years, and it is easy to find a kind pattern to trade. In any case, this article analyzes the history of XRP and then gives my personal speculation on XRP. First, let's look at the medium- and long-term situation of XRP (see pic 2): The current price of XRP is 0.5050. The overall trend of XRP in the future could be an upward trend. It is conservatively estimated that the price of XRP may achieve a 4X increase, and it is very likely to exceed 2 US dollars. This marathon process may take 26 weeks, which is about half a year. The current movement trajectory of XRP is to retrace the trend line downward, and then completely reverse the trend after meeting this key price, and change to an upward trend. The key price is in the range of about 0.4504 and 0.4264. If you trade XRP frequently, you should mark this price and observe it more. Finally, take a look at the short-term trading (see Figure 3, 1-h chart). Currently, XRP is in a downward range. The price trajectory it may follow is marked with pink and blue routes respectively: If it chooses the pink route: it will go to around 0.4914 and then rise to around 0.5104 If it chooses the blue route: it will rise from the current 0.5050 to around 0.5104, and then turn down. The 3rd possibility that the price falls out of the range and arrives at the retracement point I just mentioned, around 0.45. Then 0.5104 is a relatively stubborn resistance price in the current range. You can draw it to assist your trading. I hope my analysis is helpful to your own analysis. Happy trading 🙌 #Xrp🔥🔥 #XRPGoal #Write2Earn!
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$ENA Analysis Updates ENA is still on the bullish path, it has a long way to go, and it is not in a hurry. After observing it for a long time, it seems that it can rise 100% in each wave, and then fall 78%, which feels a bit like a roller coaster 🎢. But don't forget that its overall price is increasing in a step-by-step manner. Let's take a look at its data and find out some possible movement trajectories. At present, ENA has entered the rising parallel line interval, please see the picture. At the same time, ENA currently respects the support price of 0.3222, which means that no matter how heavy the rain is in the near future, ENA will hold at 0.3222. If you often trade ENA, this price can be marked, which will be very effective recently. Then on the chart, I marked the pink route and the blue route. This is ENA in the parallel interval, which I personally think is the most likely route. When I was analyzing, the current price was 0.3732. Pink route: From the current price of 0.3732, it rises to around 0.5326, and then falls to around 0.3754; Blue route: From the current price of 0.3732, it first falls to around 0.3222, then rises back to around 0.5326, and then falls or rises. No matter ENA choose which route,which is not completed immediately, and it may take about 15 days to achieve. Haha, yes. This is a preliminary estimate. In trading, patience can bring profits. I hope my analysis is helpful for your trading analysis. Happy trading #ENAUSDT🚨 #enatradeup #Write2Earn!
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$SUI Analysis Updates SUI ran very well last month, and it can be said that everyone is paying attention to it. At this time, it is only in the retracement period. As for the price it will retrace to, different analysts give different opinions, and there are also different opinions. In any case, its base price is definitely a step higher than last year. Starting from a higher step, it should run farther and farther. Moreover, the retracement of SUI will not fall straight down instantly, and assets will take an N-shaped line or a wave-like route with ups and downs. At present, I will talk about my views on the short-term situation and trend of SUI. At this moment, the price of SUI is 1.9384. It has retraced 38% of the recent band. It may continue to run down to the support price of 1.8888, and it may even fall to the vicinity of 1.84, and then rebound and rise. There may be two nodes for the rebound price: Around 1.9991 and around 2.04 I hope my analysis will help your trading analysis. Happy trading everyone. #SUI🔥 #Write2Earn!
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$BTC Analysis Updates Oct.30 BTC broke through the cage that had blocked it for more than 200 days two days ago, which definitely is a cause for celebration. I wonder if BTC fans have opened a bottle of wine to celebrate. At this moment today, the price of BTC is 72468, and then it has stagnated a bit. If we look carefully at Chart 1, we will find that BTC reached a temporary peak of 73620 in the afternoon of yesterday, which is basically the same as its peak price on March 13 this year (the previous peak price was 73756). After March 13, BTC entered a long-term range, and it could not go up or down. And today BTC hit this key price again.This time, I think it is optimistic. BTC has bid farewell to the 68k stage. At this moment what it needs to do is to challenge 73600 again in 200 days, and then completely leave it behind. So in these few days, BTC may be brewing its ability to challenge again. Its lowest retracement support price may be around 69613, followed by around 70239, followed by around 71461, and finally around 72258. If it develops upward, the short-term high may be around 74119.See Figure 2 The results of the US election will be announced soon. I personally think that no matter who is elected, BTC will rise because the United States has decided to link the economy and cryptocurrency. This may be its only way out for now. Finally, I hope my analysis will be helpful to your trading analysis. Happy trading everyone. #BTCBreak71K #BTC☀ #CryptoPreUSElection #Write2Earn!
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