ameisenbear
Short

XRPUSDT Gartner Hype Cycle?

POLONIEX:XRPUSDT   Ripple / Tether USD
223 2 3
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?
I think I miss some fundamentals on it, but that's me personally... I always try to analyze it also as fundamental to make the analysis more complete.
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ameisenbear BrunoDanteSampaio
@BrunoDanteSampaio, thank you for your feedback. I agree with you that it is not really fundamentally, currently. but often it is enough to consider some cases in past to keep that in mind.
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