Latest / The Paul Barron Crypto Show / Buy Opportunity?📈Technical Analysis w/ Evan Aldo 🚨XRP Las Vegas

Transcript

Buy Opportunity?📈Technical Analysis w/ Evan Aldo 🚨XRP Las Vegas · The Paul Barron Crypto Show

• 0:06
  Speaker 1: All right, everybody, welcome in.
• 0:07
  Speaker 2: Today is going to be a big one because we
• 0:09
  Speaker 2: are actually here at the XRP event in Las Vegas.
• 0:13
  Speaker 2: And guess who's setting next to me. That is right,
• 0:15
  Speaker 2: Evan and I are actually in the same room. And
• 0:18
  Speaker 2: give you guys some insights as to where the market
• 0:20
  Speaker 2: is going after the Bitcoin conference, where bitcoin is going,
• 0:24
  Speaker 2: also where Ethereum is going as well.
• 0:26
  Speaker 1: This is one of the issues.
• 0:28
  Speaker 2: That everybody's been talking about, and that of course is
• 0:30
  Speaker 2: the sec saying that crypto staking on proof of state
• 0:34
  Speaker 2: network does.
• 0:35
  Speaker 1: Not involve securities.
• 0:37
  Speaker 2: What that means is that setting up Ethereum for possibly
• 0:41
  Speaker 2: a huge run.
• 0:42
  Speaker 1: What do you like about it right now?
• 0:43
  Speaker 3: What are you think of everything? Almost everything? Well, the
• 0:46
  Speaker 3: very short term could be a little bit you know,
• 0:49
  Speaker 3: we don't know what's gonna happen in the very short term.
• 0:51
  Speaker 3: That could come down a little bit more. But when
• 0:52
  Speaker 3: we look at the chart right here, the first thing
• 0:54
  Speaker 3: we want to realize is that two day looks really
• 0:57
  Speaker 3: really good.
• 0:57
  Speaker 4: Here, looks like you're going to keep going.
• 0:59
  Speaker 3: And I think you got about an other month of
• 1:01
  Speaker 3: bullishness into the end of June right here. So thirty
• 1:04
  Speaker 3: two hundred is really what I'm looking at. If we
• 1:06
  Speaker 3: want to be really optimistic, maybe just maybe we can
• 1:08
  Speaker 3: get to four thousand again by the end of June
• 1:11
  Speaker 3: before a potential summer lull, and then hopefully into the
• 1:14
  Speaker 3: end of the year getting up to that new all
• 1:15
  Speaker 3: time high in that seven seventy three hundred that I've
• 1:18
  Speaker 3: been looking at somewhere between October to December. Still looking
• 1:22
  Speaker 3: excellent for that ETHEREM versus Bitcoin looks just better than
• 1:26
  Speaker 3: it's looked in years. That two day is finally going
• 1:28
  Speaker 3: to come into the green. We could jump quite a
• 1:31
  Speaker 3: bit against Bitcoin, maybe forty percent within the next few
• 1:34
  Speaker 3: months against Bitcoin, which would be huge, a major major
• 1:36
  Speaker 3: recovery here versus all coins as well, getting a big
• 1:40
  Speaker 3: jump is z versus others. Basically everything up to outside
• 1:43
  Speaker 3: the top ten of market cap looks like it will
• 1:45
  Speaker 3: get a jump. Rare bullish signed you get your monthly
• 1:48
  Speaker 3: green hike and Ashi candle. So I'm expecting a jump
• 1:50
  Speaker 3: against some all coins for the next few months. All
• 1:52
  Speaker 3: coins pretty well perform it towards the end of the year, though,
• 1:54
  Speaker 3: but it looks really good. I just want to show
• 1:56
  Speaker 3: you short term, just a little bit here, don't I
• 1:58
  Speaker 3: wouldn't get too afraid. I could be wrong, but I
• 2:00
  Speaker 3: wouldn't get too afraid. I mean, as long as we
• 2:01
  Speaker 3: kind of hold twenty four hundred or maybe even these
• 2:03
  Speaker 3: lows right here, you should be fine. Your short term
• 2:06
  Speaker 3: technical target is going to be out of this kind
• 2:08
  Speaker 3: of wedge we've been in if you break upward, and
• 2:11
  Speaker 3: I think you will that thirty one hundred thirty two
• 2:13
  Speaker 3: hundred that we've been talking about. So I'm very optimistic
• 2:15
  Speaker 3: undeath right now.
• 2:17
  Speaker 1: The anticipation of a little bit of retracement.
• 2:19
  Speaker 2: I don't know that it's the you know, post conference blues,
• 2:21
  Speaker 2: but it's definitely being led by what's happening in the
• 2:24
  Speaker 2: macro markets.
• 2:26
  Speaker 1: Where do you like bitcoin right now?
• 2:27
  Speaker 2: By end of summer, so end of August, where do
• 2:30
  Speaker 2: you think bitcoin's gonna be? So?
• 2:33
  Speaker 3: Yeah, if we look at our bitcoin chart here and
• 2:35
  Speaker 3: let's go to the bitcoin so when we look here,
• 2:38
  Speaker 3: short term looks like you may come down a little bit.
• 2:40
  Speaker 3: As long as we hold that kind of one hundred area,
• 2:42
  Speaker 3: and I think we will, we should be good when
• 2:44
  Speaker 3: you look this summer. My main thing more short term
• 2:48
  Speaker 3: into I think we got another month of bullishness into
• 2:50
  Speaker 3: end of June or the July one twenty is a
• 2:53
  Speaker 3: very reasonable goal here. As you can see that one twenty,
• 2:56
  Speaker 3: I think you will probably get somewhat of a summer
• 2:58
  Speaker 3: low from that one twenty, maybe back down to one
• 3:00
  Speaker 3: on nine, maybe back down to where we are right now,
• 3:03
  Speaker 3: and then that's where things get really good, especially with
• 3:06
  Speaker 3: some rake cuts.
• 3:07
  Speaker 4: A lot of things will be good in quarter four.
• 3:09
  Speaker 3: That's where you get up to potentially that one fifty
• 3:11
  Speaker 3: somewhere between end of October to end the year. One
• 3:15
  Speaker 3: fifty is the big goal here. Can you get to
• 3:17
  Speaker 3: two hundred maybe, but I think it's more likely that
• 3:20
  Speaker 3: one fifty k area, and then like I mentioned for Ethereum,
• 3:23
  Speaker 3: forgot to share to chart on the last one, but
• 3:25
  Speaker 3: this is kind of the path for Ethereum one hundred
• 3:27
  Speaker 3: fifty k bitcoin eight to seventy four hundred.
• 3:29
  Speaker 1: One of the things that's happening with chain link is
• 3:32
  Speaker 1: this right here.
• 3:33
  Speaker 2: This was a recent tweet that gets into I guess
• 3:36
  Speaker 2: some pretty big issues, and I guess the question is
• 3:41
  Speaker 2: when you look at an idea of an oracle, especially
• 3:45
  Speaker 2: on an avalanche that did not do well in terms
• 3:48
  Speaker 2: of performance, This is the first bad look on chain Link.
• 3:52
  Speaker 4: Now, let's take a look at the charge.
• 3:53
  Speaker 3: I mean, it's not that bad in terms of a
• 3:55
  Speaker 3: technical perspective, I mean it's not that bad. You're kind
• 3:58
  Speaker 3: of still forming a generally bullish pattern here, which is
• 4:01
  Speaker 3: your standard verse head and shoulders, which do very, very
• 4:04
  Speaker 3: very well in these these post having years.
• 4:07
  Speaker 4: So I do think, you know, this should be.
• 4:10
  Speaker 3: Able to break upward to a technical target that should
• 4:12
  Speaker 3: be around you know, your high twenties, what you were
• 4:16
  Speaker 3: at the end of December. Getting back up to that
• 4:18
  Speaker 3: area should be a high probability by the end of June.
• 4:22
  Speaker 3: And then if you can break above there, which I
• 4:24
  Speaker 3: think you will eventually, you know, then let's really zoom
• 4:28
  Speaker 3: out here at our old all time highs, then you
• 4:30
  Speaker 3: would have obviously the fifty dollars range, and then potentially,
• 4:33
  Speaker 3: if you can get a really, you know, a really
• 4:35
  Speaker 3: good turnout, eighty dollars.
• 4:37
  Speaker 4: By the end of the year.
• 4:38
  Speaker 3: Now, I'm not the biggest fundamental guy on these things,
• 4:40
  Speaker 3: but I usually don't take them extremely, extremely seriously, so
• 4:45
  Speaker 3: I wouldn't worry too much about chain Link.
• 4:46
  Speaker 4: But as with all all coins, you need to be diversified.
• 4:49
  Speaker 4: There's those to be risk.
• 4:50
  Speaker 2: I want to jump over to our next topic, which
• 4:53
  Speaker 2: is going to be Sweet.
• 4:54
  Speaker 1: And when you look at what.
• 4:55
  Speaker 2: Has happened with just the Swee network, this is kind
• 4:58
  Speaker 2: of getting interesting because of the fact that they are
• 5:01
  Speaker 2: starting to move into some other assets and this, of
• 5:04
  Speaker 2: course you saw with everything from Planet Stares, We've seen
• 5:07
  Speaker 2: a variety of popkins coming on.
• 5:09
  Speaker 1: To the point being is that it is going.
• 5:11
  Speaker 2: To be another side of the Sweet network that could
• 5:15
  Speaker 2: play into Web three.
• 5:17
  Speaker 1: Everybody loves that. So you tell me, yeah, I.
• 5:21
  Speaker 3: Think there's a lot of you know, a lot of
• 5:22
  Speaker 3: potentially here. You know, it's a good pattern that I'm
• 5:25
  Speaker 3: looking at right now. I mean when you look at
• 5:27
  Speaker 3: kind of your two day similar to ethereum, I mean
• 5:29
  Speaker 3: the last time you had this jump up when you
• 5:31
  Speaker 3: had your money flow in the two day like this, So,
• 5:33
  Speaker 3: I mean that was a nice five hundred and eighty
• 5:35
  Speaker 3: percent jump up. Now was it going to do that
• 5:37
  Speaker 3: that much again? I don't think it's going to do
• 5:39
  Speaker 3: that much again. But can it break upward from you
• 5:42
  Speaker 3: know this area right here giving you a technical target
• 5:45
  Speaker 3: at a new all time high, which would be a
• 5:46
  Speaker 3: FIB level at six dollars and sixty cents. Can you
• 5:51
  Speaker 3: hit that you know by the end, by the end
• 5:53
  Speaker 3: of June, maybe can you at least get back up
• 5:55
  Speaker 3: to these highs by the end of June. I think
• 5:57
  Speaker 3: that's very probable to get up to five dollars by
• 6:00
  Speaker 3: the end of June and then hopefully into the end
• 6:02
  Speaker 3: of year. We zoom out a little bit, you know,
• 6:04
  Speaker 3: you get your summer lull or something. There's always going
• 6:07
  Speaker 3: to be that summer low. We always see that every
• 6:08
  Speaker 3: single year.
• 6:09
  Speaker 2: Jump over to Flow real quick, and a couple of
• 6:12
  Speaker 2: points on what's happening with Flow.
• 6:14
  Speaker 1: As you know, this token has been depressed like crazy.
• 6:18
  Speaker 2: Obviously it's tie into Disney, and what we've seen with
• 6:23
  Speaker 2: not only Disney but also Disney Pinnacles, is this maybe
• 6:26
  Speaker 2: the comeback period for Flow.
• 6:29
  Speaker 3: So if we look here, you know, when you zoom
• 6:31
  Speaker 3: out a little bit, you know, we made a lower low,
• 6:33
  Speaker 3: then our lows is September of twenty three. But what's
• 6:35
  Speaker 3: interesting here, you know, you look at September of twenty
• 6:39
  Speaker 3: twenty three, you have that.
• 6:40
  Speaker 4: Big jump up.
• 6:41
  Speaker 3: So if we can just hold kind of where we
• 6:43
  Speaker 3: are right now, and it is more of a scalp thing,
• 6:46
  Speaker 3: I mean not a scalp thing, but like that's a
• 6:48
  Speaker 3: board resistance thing. You know, there's a good shot that
• 6:51
  Speaker 3: if the market does well, I mean, you don't need
• 6:54
  Speaker 3: to make a new all time high to get three
• 6:56
  Speaker 3: hundred percent on this, which I think that could be
• 6:58
  Speaker 3: the average kind of return of a lot of all
• 6:59
  Speaker 3: coin into the end of year. So I think the
• 7:02
  Speaker 3: news needs to work out really well and things need
• 7:04
  Speaker 3: to go well, then you could get above these points.
• 7:06
  Speaker 3: But yeah, I think there's a good shot of holding
• 7:08
  Speaker 3: where we are right now. I would be careful though
• 7:10
  Speaker 3: it does look like a weaker one. But you know,
• 7:12
  Speaker 3: sometimes these are a really good gamble. Sometimes is our
• 7:15
  Speaker 3: you know, you break up word, you know, from this
• 7:18
  Speaker 3: kind of area right there.
• 7:22
  Speaker 4: So a lot of potentially here, but be careful.
• 7:24
  Speaker 2: And then when you look at what's happening right now
• 7:27
  Speaker 2: with XRP, we're going to go to that Webus International
• 7:31
  Speaker 2: has now come in and basically has done a by
• 7:35
  Speaker 2: of three hundred million worth of XRP to establish a
• 7:37
  Speaker 2: new reserve. So is this now the XRP moment in
• 7:42
  Speaker 2: when it too could make a run into the summer.
• 7:45
  Speaker 1: What do you like on XRP right now?
• 7:48
  Speaker 4: It very well could be. Yeah, I mean I like
• 7:50
  Speaker 4: how we're looking.
• 7:50
  Speaker 3: I mean, I think that you got a really good
• 7:52
  Speaker 3: shot of into the next thirty days getting back up
• 7:55
  Speaker 3: to these highs. Then maybe a little summer low a
• 7:57
  Speaker 3: little boring this you need consolidation and getting up to
• 8:01
  Speaker 3: my range that I've really been liking between four fifty
• 8:04
  Speaker 3: all the way up to six dollars. So you know,
• 8:06
  Speaker 3: I mean, short term, it doesn't you know, it could
• 8:08
  Speaker 3: be a little scary. Short term you could come all
• 8:09
  Speaker 3: the way down to two dollars, who knows. But I
• 8:12
  Speaker 3: do think you got a really good shot of eventually
• 8:14
  Speaker 3: jumping back up to this area. I mean, it's the
• 8:16
  Speaker 3: same kind of bullish pattern that you see in a
• 8:17
  Speaker 3: lot of these right now. And I think you're eventually
• 8:20
  Speaker 3: going to break upward. And you got one target, you know,
• 8:23
  Speaker 3: four dollars and then after that four fifty. So but
• 8:26
  Speaker 3: I think you got a real I mean, at least
• 8:27
  Speaker 3: doubling from where we are right now seems like very
• 8:30
  Speaker 3: reasonable for this.
• 8:31
  Speaker 1: But let's talk about buying opportunities right now.
• 8:35
  Speaker 2: For sure, we were liking that one hundred percent, how
• 8:38
  Speaker 2: would you go on the combination of SWEE and Avax
• 8:42
  Speaker 2: right now?
• 8:43
  Speaker 4: I think Avax, I think Avax pot you'll be wrong.
• 8:45
  Speaker 2: Now, there's gonna be a ton of all points, guys,
• 8:48
  Speaker 2: so get ready. We'll be covering more of that. I
• 8:50
  Speaker 2: promise you. Our production value is not that great today,
• 8:52
  Speaker 2: but we're doing our best. Coming to you actually right
• 8:56
  Speaker 2: here from the XRP Las Vegas event.
• 9:00
  Speaker 1: It's going to be a good one. So Evan, thanks
• 9:01
  Speaker 1: for coming in on the show today.
• 9:02
  Speaker 2: By the way, if you guys have not checked out
• 9:04
  Speaker 2: Evan's channel, go over to Evan Aldo on YouTube right
• 9:07
  Speaker 2: now and subscribe and we'll be getting some more interviews
• 9:11
  Speaker 2: coming from this event, so we'll catch you guys soon.
• 9:13
  Speaker 1: If you're not in the Diamond Circle, get in right now.
• 9:15
  Speaker 1: It's a great place to get indential content.
• 9:17
  Speaker 2: Follow us on X that's just at Paul Baron and
• 9:20
  Speaker 2: we'll catch you X time right here on tech Path