Just something I noticed on the higher timeframes with XRP
We have tapped the Dec 2017 & Jan 2018 candle body closes / open perfectly and showing a solid rejection.
$1.96 is a solid reversal zone being the 12M candle closes as well as the Monthly candle closes.
I will go into more detail about why this is a solid reversal point in the next post on the Weekly Timeframe for more confluences.
And also refer back to my previous post for the Daily Timeframe completing the analysis.
My idea is that we can easily come back to sub $0.30 after this rejection to see the Dec 2020 & Jan 2021 candle body closes / open.
More reasons as to why is the next 2 posts!
We have tapped the Dec 2017 & Jan 2018 candle body closes / open perfectly and showing a solid rejection.
$1.96 is a solid reversal zone being the 12M candle closes as well as the Monthly candle closes.
I will go into more detail about why this is a solid reversal point in the next post on the Weekly Timeframe for more confluences.
And also refer back to my previous post for the Daily Timeframe completing the analysis.
My idea is that we can easily come back to sub $0.30 after this rejection to see the Dec 2020 & Jan 2021 candle body closes / open.
More reasons as to why is the next 2 posts!
Commento:
Weekly Analysis -
Commento:
Daily Analysis -
