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XRP – Future Projection Series For BINANCE:XRPUSDT By Wildboar8

5 November 2021
in XRP
Reading Time: 2 mins read
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If you’ve read any of my previous “Future Projection” posts, skip down to the conclusion as these paragraphs are the same.

During the downturns in the market I spent time learning more about utilizing the charting functions in TradingView. I also watch a lot of youtube vids about crypto and charting concepts. I came across a good chunk of info on using the “log” function and what it could possible show me.

At this point in the crypto cycle, even though I feel we are nearing a parabolic stage, it is beyond the point to expect 50X or more from me or any basic Joe who “dabbles” in crypto investing. Think long term. What can I realistically (if that even exists in Crypto) expect a coin to perform in the next bull run. Well the log function gives me a level playing field to do just that.

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Using the log function, I utilize a common start date as the beginning of my parallel channel . That date is the big drop Mar/20. The parallel channel runs from the bottom of the Mar/20 drop forward in time along the bottom dips. The top of the channel is the highpoint in the cycle.

[crypto-donation-box]

The first future projection is created using the green trend lines , the first from the top of the cycle peak to the bottom, and another from that lowest point up forward in time to what I estimate as the timeframe for top cycle which approximates end of Q4, and my birthday Jan/7 so thats the future date for all graphs in this series.

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The second future projection takes ratio’d growth into consideration. This is done using the blue trend line which starts at the first peak after the Mar/20 drop, using the top of arcs as the guidance. I carry this line forward to Jan/7.

Conclusion; At the time I drew this one the price was $1.15

First Projection $3.21

3.21 / 1.15 = 2.8 X

Second Projection $9.08

9.08 / 1.15 = 8 X

Now for a regular old fellow such as myself, a 3 to maybe 8 X on my money within the next few months is not bad. But it’s XRP. the concept here is to get the FCC to make a decision in favour and watch XRP rocket. It’s one of those coins where an outside influence can make a drastic change in value.

I’ve done this for a lot of coins now and the results are sometimes very interesting in that, a popular coin just doesn’t have the numbers or that it really has good numbers. I found as an average I like results in the 5 or above range for the first projection and 15 or above for the second projection. If I utilize this investment concept and choose coins with similar numbers I can reasonably expect a 10-15 X overall. I’ll post a few others I find interesting for this bull run in the coming posts.

My thoughts, not advice Oklah. Cheers

Credit: Source link

Tags: BINANCEXRPUSDTFutureProjectionSeriesWildboar8XRP
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