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XRP Predictions for December 2023 (Early Access Public)

Updated: Nov 13, 2023



  • Month’s Theme: A rally into key resistance followed by a decline with consecutively lower spikes up on the way down. That’s crossed with a brief opportunity that’s easily missed followed by a decline through multiple support levels.


  • Behavior Around the High: Some downward trend toward the end of the month.


  • Behavior Around the Low: A crest that we’ll sell off from down to and through support and then we’ll do a U-shaped reversal below that support level. We’ll then come back up to reuse that support.


  • Exclusive Trade Opportunities for Subscribers:

    • A decline on the 8th offers an opportunity to open a long position. I’m advised to close that after a notable move to the upside on the 9th.

    • A move higher on the 9th offers an opportunity to open a short position. I’m advised to close that position on the 10th.


Overview


On the 1st, we’ll most likely have a highest high. There are price swings on the 2nd. On the 3rd, there’s a sharp drop within a period of sideways rotation. On the 4th, there’s a prominent trough for the month at the beginning of the day. There’s a lot of price change to the downside into that trough. On the 5th, we’ll have three pokes through the same price level followed by a sharp drop after the third poke into a prominent trough for the month. On the 6th, there’s an important range highlighted on a multi-day scale. There’s a new high for the month at the top of the range. On the 7th, we may have another highest high with sideways rotation.

We’ll decline pretty notably on the 8th into a significant low thus far. That decline offers an opportunity to open a long position. On the 9th, there’s a move higher through key resistance followed by a notable decline that offers an opportunity to close that long position. You could also open a short position after the move higher and close it on the 10th.

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