I am expecting XRPUSDT to follow the black gartner hype cycle line. We have already seen this scenario on BTCUSD between 2013 and 2016 (thanks to EXCAVOs idea).
First we will reach the blue resistance line. After a small bounce up right to the long term trendline.
After that in my opinion there are to scenarios:
Path_1: my expectation for long term.
Path_2: XRPUSDT could follow the long term trendline for a while. but I expect that this line will also break and we would reach a comfortable area near the fib levels.
When we have reached the bottom of the black cycle line the bullish trend is over and we will climb slowly back to the long term trendline and above.
What do you think about this?
First we will reach the blue resistance line. After a small bounce up right to the long term trendline.
After that in my opinion there are to scenarios:
Path_1: my expectation for long term.
Path_2: XRPUSDT could follow the long term trendline for a while. but I expect that this line will also break and we would reach a comfortable area near the fib levels.
When we have reached the bottom of the black cycle line the bullish trend is over and we will climb slowly back to the long term trendline and above.
What do you think about this?