Hello everyone!
Being new to crypto and focusing to learn as much from every market experience, I am somewhat happy to have been able to witness my first big BEAR run.
So, what I have gotten to study today. In here I have few drownings of the support and resentence zone on a 4 hoers chart for XRP.
I believe that the XRP phoenix birth has gone to the place of its new darkness to retest the support level between 0.6 USD to 0.7 USD. It looks like the retest of it's lower support it happens every two months. At moment, it's second support zone is bouncing around 1.00$ USD and it started to create a bullish pin. Will this mini bull walk will help to reach and break the resistance line between 1.27$ USA to 1.3$ USA? Hopefully it will.
If it dose, that will definitely become a new support and we will look to consolidate and then push further to rich to the next resistance line.
How long this will take? I really have no idea. It can take a day. a week, a month or more.
Happy trading and Cheers.
CrypticYLY
Being new to crypto and focusing to learn as much from every market experience, I am somewhat happy to have been able to witness my first big BEAR run.
So, what I have gotten to study today. In here I have few drownings of the support and resentence zone on a 4 hoers chart for XRP.
I believe that the XRP phoenix birth has gone to the place of its new darkness to retest the support level between 0.6 USD to 0.7 USD. It looks like the retest of it's lower support it happens every two months. At moment, it's second support zone is bouncing around 1.00$ USD and it started to create a bullish pin. Will this mini bull walk will help to reach and break the resistance line between 1.27$ USA to 1.3$ USA? Hopefully it will.
If it dose, that will definitely become a new support and we will look to consolidate and then push further to rich to the next resistance line.
How long this will take? I really have no idea. It can take a day. a week, a month or more.
Happy trading and Cheers.
CrypticYLY