Spiritualbeing11

XRP shows same PA third time in a row

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BITFINEX:XRPUSD   瑞波幣
Each time XRP "rallied," it formed higher lows and lower highs. Then before it breaks out it goes back to retest its previous high of the impulse wave beforehand. After that, it retests its supply zone formed at the most recent high, before coming back down to retested the last unfilled supply zone. (Also considered order blocks in this case). This is when breakout happens, followed by a .10 cent move which is what has happened the last two times precisely. They almost make this too easy, all you need to do is look to the left a bit and you can see what happens when price makes certain Structures. The more recent it happened and the more repetitive the structure is, the more likely it is to do the same thing. This will be the third time in a row making this structure, and current price action is confirming that.

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