EGRAG CRYPTO Reiterates Long-Term XRP Outlook
- Unchanged Long-Term Strategy: Despite XRP trading around $1.10 again, analyst EGRAG CRYPTO reiterates his long-term outlook, emphasizing that his strategy has always been about structure, patience, and execution, indicating that market fluctuations do not sway his conviction.
- Price Movement Analysis: EGRAG's chart outlines an Elliott Wave-style five-wave projection, forecasting a rebound from a support area around $0.85, with a final target of $100, showcasing strong upside potential and clear price milestones along the way.
- Key Price Zones: The chart highlights several significant price levels, including $11, $13, $23, and $27, suggesting potential targets at different stages, while also marking a “Most Sell-Off Region” around $4 to $6, indicating market fragility among weaker hands.
- Rebuilding Market Confidence: EGRAG encourages investors to stay focused on the long-term strategy, reinforcing the message of “JUST DO IT,” suggesting that the current price area serves as a foundation for future gains, aimed at restoring market confidence and guiding investors towards long-term value.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0198 | 0.0406 | 0.0592 | 0.08 | 0.0985 | 0.119 | 0.138 |
| Fibonacci | 0.0406 | 0.0556 | 0.0649 | 0.08 | 0.095 | 0.104 | 0.119 |
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