Ripple/XRP News: Quick Market Update/Price Predictions | XRP, VET, ADA, ALGO, ZIL | Can Go Way Lower

by birtanpublished on October 31, 2020

What's up guys kevin cage here just wanted to do a quick market update on this monday so as we can see ada ada is down 11 today we noticed that it is coming down and cutting through that 200 moving average on a daily so what we've seen before in previous videos i did a video two weeks ago kind of talking about where we could potentially see this market not only comparing march 2020 but also july 2019 just simply watching the moving averages yellow cutting through 50 is the blue and then the 200. so we're seeing that some assets

Are utilizing this 200 as a moment of support and if we have already seen some you know all coins coming down and touching this doesn't mean this is just the beginning of this correction notice if this market does pull back like many believe this is not a bad thing for cryptocurrency this is an opportunity if you have watched this channel and many other channels out there you should be well aware of the opportunity at hand in the future of these assets that are serving a real problem don't get me started on ada world

Economic forum you could talk about al grand direct ties with the fed coinbase circle don't even get me started on xrp which is essentially what my entire channel is about the assets that i'm reviewing and you know consistently talk about are some of the most reliable assets in the game i think that these projects that survive will thrive there is no in between it is wholeheartedly zero or hero now i'm also going to show some other assets and charts not necessarily backing them this is not financial advice one man's

Opinion and just simply showing what we could potentially see in the upcoming days so two weeks ago i did show on september 7th a little bit about ada talking about potentially coming down to the 200 then i want to show ripple xrp and then also algo briefly and then we'll show some other things and show where we could see maybe bitcoin going what it means for dow jones and what it could mean for some other alt coins that you are looking to buy me personally i am hoping to accumulate

Some other alt coins maybe some micro alts that i trust it you know believe in and think that are here to stay and that regulations won't crush if i can ride those up for a little profit and hopefully bounce back sooner than xrp and then accumulate some more extra p in us dollar and then probably spread between some other assets this is going to be a win-win all right so whether you get extra p under 50 cents 30 cents or even 22 cents good for you you are in the right place at the right time this is just a pullback it will not last forever

We are on the daily just looking at the macro view this market will go up it has been bottomed out for two years stay positive do not let these red days get your mood down by any means and this video is more so just for complete newcomers in the space where you buy an asset at 25 cents and it's down to 22 cents and you're all sad this is just the beginning if you cannot handle those 10 20 pullbacks you're not ready for those 1 000 returns and again i believe that they will be much higher

For those that have the patience and understand what is at play here whether it is from a charting perspective or news all right again i'm just going to be overlaying the fractal and i'm putting this on 1.5 x speed just to save your time it doesn't take a genius and i promise that you know i personally don't expect to see anything go like for like um some people might overlay you know ada and compare it to car not like 80 again in the future for example march 2020 so we'll just do that and just to give you this little show so

Really i'm not focusing on this part doesn't have to follow suit i just want to see the behavior right here so i know mr level up is doing the same thing and kind of just looking at the moving average of this 50 ma notice when it cuts through and starts coming down we have a bit of a downtrend same thing when this you know yellow starts curving up we kind of have a good uptrend when we were watching the moving average behavior so i literally just copied this little fractal for ada and was just watching

The behavior and it is pretty similar so i'm going to kind of be watching the behavior here and if it continues to follow suit i mean you know pretty good indicator um but again a lot of more advanced people will typically look at different time frames i'll notice the patterns that reflect there and then also even maybe you know mix crypto so for example put an ada an ada fractal over an xrp so and you can do the same thing with time frames like maybe an eight hour ada fractal and then put it over a four hour chain link fractal you look where

It matches like for like of course i use some other um indicators you guys know i'm a big fan of fibonacci pivots in particular fibonacci ratio exists in everything but you really have to utilize a bunch of things when you're doing in particular you know intraday trades rather than just looking at the macro we're just simply watching behavior we'll see the follow suit um again i know this downtrend guys we've cut through the 50ma we've cut through 100 on some assets and on others we've

Come down all the way to this 200 so if it did do that 200 you'd see about you know 7.7 cents now just to be clear i'm only going over um you know ada i'll go and xrp in this video i love all the projects again i'm just showing you okay now i want to show you let's see 524 so right here we can see the 50ma is cutting through again what did we see march the same type of behavior now ignore you know how the 200 cuts through here we're just watching the 50. okay so when i see this i think that we

Could still go down a little bit more it doesn't mean it's going to follow march 2020 i know there's gonna be some people that are triggered so notice this is at 35 36 cents today elgo is at 28 cents thinking that that is what i'm saying i'm not saying that i'm just showing that as an indicator and again i want to watch the moving average behavior as well okay so notice i just pasted that i starting right here again we'll consolidation here and fun fact guys we actually had a gap in the price on algo as well so this gap theory um is pretty pretty interesting

Again mr level is the one that showed me that as well so we'll see again we're just gathering data i'm looking for confirmation looking for validation that the trend is in the correct direction i'm just trying all right and then lastly let's go right over here so we did see xrp we saw kind of forming this little bit of flag here going up to that 2526 region people were screaming bull run people were screaming 30 cents and i'm just not that quite convinced yet uh it does seem that xrp is gathering some strength

But just when the majority of us think we know exactly what's going to happen how it's going to play out and when the time frame that it will do so that's exactly when i will be wrong that's exactly when i make mistakes and i'm sure that other people can relate to that so we're simply just going to have to watch this play out all right now what i want to show you is a few of these assets and i want you guys to let me know how you see this playing out do you think that the dow jones senses it is down today

Is going to lead the pack do you think that bitcoin will lead the pack or do you think that some of these alts that are leaking down a bit are basically telling that we're just getting started here let me know your thoughts so we have ada going below the 200. we have algo right at the 200 we have btc holding support at the 100 moving average notice that if it did find support at the 200 and actually go down to this on a daily this would be roughly 9 200 quite a drop for bitcoin in particular

And i think you guys know what that means for alts short term because bitcoin controls the market we can see some other assets that are kind of not necessarily following suit we know that digi did get a good little pump the other day it's sitting above that 50 or sitting right at the 50 which is pretty nice we'll see it could be a complete psych out as we know i do like digi bite as a good project as well h bar more so an outlier not really looking at those moving averages i'm

Looking at fractals that i fully understand and have data to basically you know refer to we can see that kyber network is about to cross we see it below the 200. we can see loom and this is on coinbase pro as well as bittru and right at the 200. so we're seeing a lot of assets across the board hitting this seems that ontology this is in a lot of documents as well i know king solomon's found some information on this we can see that right here is sitting at

The almost you know in route to the 200 right in between i definitely bet that it would be at the 200 before the 50 again but who knows it could be a little psychological poll i haven't really looked at it too much just showing you on a daily notice v chain seems that it could be in route man imagine getting vechain once again at one sense because we know the partnerships we know the use case and we know the future potential of this asset complete steel this is a

Great opportunity so stay positive all right we have xlm below the 200. so does this is this a sign of the times that other assets will leak a little bit lower you tell me just simply showing some data all right we have xrp sitting pretty at around that 100 if it did go to that 200 notice it is incredibly flattened out that's around 21 cents okay so let's just say 21.5 maybe 21.3 and this can change and fluctuate based off the price as well and then lastly

Let's take a look at zil zilliqa so it is leaking just below the 200 i will be watching this one lower market cap good opportunity good bounce back compared to some other alts in the top five the top ten as well so simply showing that remember i'm just looking at a mix of time frames looking throughout the whole history of a coin even if it has five years three years of history i'm just trying to refer back to that on a variety of time frames and looking at the moving averages

Picking what i like and we're just kind of seeing what is dragging out what is happening and the funny thing is this everyone is going to say that this is why the charts are going down or this is why and whatever happens per the price whether the market goes up or down the news outlets and everybody thinks this is why yeah the price is down today because the eurozone is printing three trillion euros and the dollar is strong because of this

And we're doing this um and there's this geopolitical tension there's always going to be a story at play it's not because the chart was already going to do so i believe that the algorithms all of this is already in tune it's a super organism it's interconnected already and basically the chart was going to do what it's going to do and the news is built around that but i know that's a little controversial so be it i would rather be a very uh different type of trader than

A typical trader investor uh you can bash me but i don't want to be like the 99 and so be it we can you know each have our different opinions we're all just trying to better our lives and understand something that is rather intangible keep in mind the chart itself is really just our psychology that is mapped or at least the market psychology that is maps we know where this asset class is going if you know with you know christopher giancarlo formerly at the cftc

Also of the law firm that represents ripple and an advisor for ripple saying that all the commodities projects corn metals oil all of this will be digitized and the us dollar will most likely be digitized in the future fiat is not going away they need bridge assets and they need liquid means of payments and bridging all of this technology that is where xrp will come into play there's other assets that can even expand their verticals well outside of supply chain management like vechain

We know xlm potentially even with retail use case we can talk about zilliqa with the charting capability there's a lot of assets and when you look at the technology combining with the chart you can really see who has the highest potential for gains unless they just reset all these algorithms and completely throw us under the bus we'll see but just understand that these dips are natural healthy and expected it's good to see that assets are suppressed why because they know that

The value is higher than what they are currently remember that hope you guys enjoyed this video be sure to like share and let me know your thoughts down below and i will see you in the next one

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