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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
On March 25th, brothers, the bulls in the bull market will never be slaves, and it has been emphasized that in the bull market, only where to consider more, even if there is an adjustment to sweep the long stop loss, still find a low position to continue more, and the new high will inevitably be broken again. If you are used to setting orders, then it is better to set more orders (although it is not recommended, but everyone has a different way)
The weekly line closed, it is the structure I expect to see, the long lower shadow closes, the very obvious adjustment of the buying intervention, changed the weakness, is a very obvious structure of the second rush, this week there is a need to continue to rush up to 70400, if the weekly line ends with a short upper shadow yang line, it is a trend continuation trend
The daily line is very obvious a bottom suction process, the price is hindered in the upper rail, back to the lower rail support, the current Bollinger flattened, forming a wide range of shock area, repeated testing at the bottom will eventually pull up to the previous high near or even break through, in line with the rhythm of pull-up-adjustment-pull-up again
The small level is more obvious, yesterday saw a shift in the market framework, first of all, the price is no longer a new low, and the continuous closing of the doji is a sign of buying intervention, although it is the formation of a triangle consolidation, but there is a C wave rebound expectations, plus the bottom of the daily line to absorb the chip stage, so it has been kept above 63000 much lower
At present, the price has broken through the upper band of the triangle, if a small step back on 65800 during the day to confirm the support, it will be a very good rebound trend, when the price completely stands on 69000, the market framework completely transforms, from the adjustment trend to the upward trend, breaking through the high before standing firm will enter the next unilateral
To sum up, the general trend to see the new high unchanged, adjust to the daily line is the perfect absorption area, as long as the dip can be low in the near future, the small level C wave rebound is expected to continue, break through the 69000 market framework into a bullish structure, short-term focus on the triangle upper rail support 65800, today can be considered at this position