The crypto currency market follows a quite wavy course. The leader Krypto Bitcoin managed to reclaim $ 90,000 after declining to $ 82,000. The Altcoin market generally reflects a similar performance. An experienced analyst in the midst of these developments says deep -pocket investors are intensively loaded into two large volume Altcoin.
Crypto whales are loaded with XRP and island!
Kriptokoin.comAs you have followed, the market has caught a new rise momentum. The effect of whales in this development cannot be ignored. Experienced analyst Ali Martinez says crypto whales purchase about $ 2.16 billion worth of XRP in just a day. In this context, the analyst, accompanied by a graphic, “Whales purchased about one billion XRP in 24 hours!” says.
Source: Ali MartinezThe analyst then looks at his leader Altcoin Etuereum rival Cardano. Ali Martinez states that investors with deep pockets have accumulated more than $ 345 million in the same period. In this respect, the analyst said, “The largest whales in the Cardano (Ada) network bought 420 million islands in 24 hours!” says.
Source: Ali MartinezAs a result, crypto whales just pocketed XRP and Ada worth $ 2.51 billion in one day.
What’s in the technical picture of XRP and Ada?
Ali Martinez then looks at the technical pictures of the tokens. Martinez warns that XRP exhibits a head and shoulder formation; This formation is a reversal structure that can indicate that the rising trend ends when the asset lands down under the neck line of the formation. In this context, the analyst said, “XRP can invalidate this head and shoulder formation with a day closing over $ 3 and potentially pave the way for a rally up to $ 5!” says. According to the analyst’s graph, he estimates that the XRP will fall to $ 1.20 if the 2 -dollar formation breaks the neck line.
Source: Ali MartinezAs for the island, the analyst says he sees that the token has fire the rally if he seizes an important area of resistance. In this respect, the analyst said, “Cardano (island) may be ready to rise to $ 2,20! To confirm that the rise is broken, wait for the 12 -hour candle bar to close above $ 1.19. ” says.
Source: Ali Martinez
