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DatTong
Aug 7, 2019 11:33 AM

XRPETH, Sell on H4. Short

XRP / EthereumBinance

Description

XRPETH, Sell on H4.
H4:
- Structure: Downtrend
- Tendency: Downward
- Below support
=> Sell
Comments
fxlun
Can i seek to understand whether the colors of your horizontal lines represent something?
Blue lines - Entry / TP ( you call it expected zone right? )
Orange lines - Resistance / Support?
Green lines - ?
Magenta lines - ?
Jims_B
@fxlun, I think :
Orange line = SL
Blue lines : support/ resistance lines.
Tes ans Cyan lines are Moving averages.

The down blue line is a TP ligne.
fxlun
@Jims_B, If you read the telegram there are no SL determined on his charts. In his other chart analysis, there were Green and Magenta Lines. I am wonder if those were like fib lines or higher TF support/resistance lines. @DatTong care to share some light?
Bullandbeartrading
Nice short view.
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