MVRV Positions Show Opening For XRP, Slight Concern For Ethereum
📊 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. ➖ Negative percentages mean average tra
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📊 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.
➖ Negative percentages mean average traders are down money, and there is an opportunity for the coin to catch up.
➕ 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.
📊 Following the volatility from the Fed rate cuts, here are how they fare based on average trading returns:
➡️ Bitcoin: +2.4% (Neutral)
📉 Ethereum: +7.2% (Mildly Overvalued)
📈 XRP: -6.1% (Mildly Undervalued)
➡️ ChainLink: -0.3% (Neutral)
➡️ Cardano: -4.4% (Neutral)
🔗 Monitor this chart any time, and see optimal times to buy low, or sell high!
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