"Top and Bottom Analysis" XRP/USD (Ripple) by ThinkingAntsOk
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4H CHART EXPLANATION:
- Price bounced on the Major Support Zone and broke the Descending Trendline .
- It is, now, at a Support Level .
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75.
We are looking for buy setups on lower timeframes.
MULTI TIMEFRAME VISION:
-Weekly
-Daily
- Price bounced on the Major Support Zone and broke the Descending Trendline .
- It is, now, at a Support Level .
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75.
We are looking for buy setups on lower timeframes.
MULTI TIMEFRAME VISION:
-Weekly
Thinking Ants.
A platform entirely created to improve Traders development.
https://www.thinkingants.com/
A platform entirely created to improve Traders development.
https://www.thinkingants.com/
4H CHART EXPLANATION:
- Price bounced on the Major Support Zone and broke the Descending Trendline .
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Bearish Corrective Structure, it has potential to move up towards the Resistance Zone.
Here is the next waves of XRP