MVRV Positions Show Opening For XRP, Slight Concern For Ethereum
๐ The lower a coin's 30-day MVRV is, the less risk there is in opening or adding on to your position for a swing trade. โ Negative percentages mean average tra
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๐ The lower a coin's 30-day MVRV is, the less risk there is in opening or adding on to your position for a swing trade.
โ Negative percentages mean average traders are down money, and there is an opportunity for the coin to catch up.
โ Positive percentages mean average traders are up money, and there is a danger in holding the coin due to profits from others in a zero-sum game.
๐ Following the volatility from the Fed rate cuts, here are how they fare based on average trading returns:
โก๏ธ Bitcoin: +2.4% (Neutral)
๐ Ethereum: +7.2% (Mildly Overvalued)
๐ XRP: -6.1% (Mildly Undervalued)
โก๏ธ ChainLink: -0.3% (Neutral)
โก๏ธ Cardano: -4.4% (Neutral)
๐ Monitor this chart any time, and see optimal times to buy low, or sell high!
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