This is the same chart from February called "XRP will die at the end of January 2021", I added some more details.
The last pump which i believe was an exit pump, did a fakeout over longterm support and was rejected by the orange longterm diagonal support. The fakeout and rejection is extremely bearish and resulted in a zone of trapped buyers ( a lot of whom post delusional comments on my ideas). These zones (orange boxes) of trapped buyer are very strong resistances because buyers would want to sell breakeven when price comes their way.
So if the dom does not drop almost directly to zero and bounces on the next alt run, it will certainly be hammered at the orange box and sent finally to zero.
The last pump which i believe was an exit pump, did a fakeout over longterm support and was rejected by the orange longterm diagonal support. The fakeout and rejection is extremely bearish and resulted in a zone of trapped buyers ( a lot of whom post delusional comments on my ideas). These zones (orange boxes) of trapped buyer are very strong resistances because buyers would want to sell breakeven when price comes their way.
So if the dom does not drop almost directly to zero and bounces on the next alt run, it will certainly be hammered at the orange box and sent finally to zero.
評論:
As I said," So if the dom does not drop almost directly to zero and bounces on the next alt run, it will certainly be hammered at the orange box and sent finally to zero." going to test that order block, as the general market seems to suggest.
