Introduction to Blockchain Analyst Blockchain Backer
- Analyst Background: Blockchain Backer is an anonymous cryptocurrency analyst focusing on technical chart analysis of XRP, Bitcoin, and altcoins, having amassed around 348,000 followers on X since November 2019, showcasing his influence in the crypto community.
- Notable Analysis: His April 2021 analysis predicted an imminent breakout for XRP, which subsequently rallied strongly within days, solidifying his reputation among XRP holders and enhancing his status as a trusted analyst.
- Analytical Methodology: Blockchain Backer employs a technical and cycle-based approach, utilizing Fibonacci retracements and extensions while emphasizing historical cycle comparisons, providing a balanced market perspective that acknowledges both long-term bullish expectations and potential downside risks.
- Educational Content: He offers educational content through YouTube and X, stressing that his analysis is not financial advice and encouraging viewers to conduct independent research, a particularly important stance in the often chaotic cryptocurrency space.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000374 | 0.00000695 | 0.00000887 | 0.0000121 | 0.000014 | 0.0000172 | 0.0000191 |
| Fibonacci | 0.00000695 | 0.00000891 | 0.0000101 | 0.0000121 | 0.000014 | 0.0000153 | 0.0000172 |
About X
About the author
