Yueying: Short-term Analysis and Long-term Thoughts on Popular Old Altcoins (XRP, ORDI, ADA, FIL)

A person's self-discipline hides infinite possibilities; the degree of your self-discipline determines the height of your life.

There are no shortcuts in life, but every step you take counts.

The more diligent, the more effort; the more self-disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights based on my own technical analysis of the market.

Let's look at the altcoin sharing

XRP Technical Analysis ————

Ripple's performance last year was impressive. After this wave of overselling, although it has currently rebounded above 2.6, the daily technical chart shows a short-term double top pattern, and there are expected to be many trapped positions above. Be cautious of the main force's rebound to induce selling actions; the risk of decline is greater than that of an increase, so bulls should mainly observe in the short term. Each rebound is a hope for the trapped positions above, but Yueying believes the harvesting is not over. Looking at the 4-hour chart, the candlestick is blocked at the upper Bollinger Band, so the overall short-term range should focus on the space between the upper and lower bands. The first resistance is at 2.7, followed by 2.75. The first support below is at 2.6, followed by around 2.5. If it breaks below 2.5, it will accelerate downward, leaving the trapped positions above in despair. Short-term reference for support and resistance for entry.

ORDI Technical Analysis ————

I remember mentioning Audi on the 11th, stating that the support and resistance basically met expectations, and friends participating in the short term should have good results. From a technical perspective, the candlestick structure is still within the range, so it can still be referenced in the short term. The first resistance above is at 13.8; if it breaks, we can extend to look at the price range of 15-17 USD. The first support below is at 10.8, and the second support is at 9.8. If it breaks below 9.8, it will hit a new low around 7-6 USD. The trapped positions above do not want to cut losses and can only play dead and wait for a cycle. Short-term reference for support and resistance for entry; the volatility of altcoins is significant, so manage your risks accordingly.

ADA Technical Analysis ————

I haven't mentioned ADA for a long time. In the last bull market, the market was filled with prices between 5-10 USD, but it abruptly stopped after briefly breaking 3 USD, causing many FOMO investors to suffer losses. I remember starting to support it when it was around 0.1-0.2 USD, and those who followed us at that time gained a lot; I also made a small profit of over 10 times during that wave. Looking back, it seems like a long time ago; indeed, in the crypto world, a day is like a year in the human world. The weekly level of around 0.58 is an important defense line. In the short term, pay attention to the two supports at 0.75 and 0.7, and the resistances above at 0.83 and 0.88. If it breaks 0.88, we can expect to see 0.98-1 USD. Short-term reference for support and resistance for entry.

FIL Technical Analysis ————

FIL has a definitive technical pattern; it depends on whether there is good news to support a wave. If the main force promotes it, it can at least return to the double-digit range and may continue for a while. Boldly optimistic speculation could see it reach 50 USD, which is not difficult. Currently, Yueying believes that if you have spare funds—money that wouldn't hurt you even if it goes to zero—you can try to build a position. This is a medium to long-term view, and friends with value investment perspectives can refer to this; it must be spare funds. In the short term, pay attention to supports at 3.33 and 2.95, and resistances above at 3.63 and 3.88. If it can stand above 4 USD, we can extend to look at the range of 5.5-6 USD. Short-term reference for support and resistance for entry.

—— I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's share and profit together!

The publication of articles has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the individual! The market changes every day; what I can do is use my years of practical experience to provide some slight assistance, guiding your investment decisions and management in the right direction. Meeting is fate; I am a person who believes in fate. If you have any doubts in the crypto world, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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