TradingView
EuroMotif
Jan 3, 2020 7:18 AM

XRP.usd near-term Support Resistance zones: will the Pump hold? 

XRP / United States DollarCoinbase

Description

Quick post to map nearby zones of importance.
Captures most of the range bound trading of recent.
Once it wanders outside this range I will post new zones.

Interesting stab and bounce for all crypto's today.
It may have been a "Stop Hunt" below supports.
Or just another "Pump-then-Dump" scenario.

Behavior around these zones should offer more clues.
Currently at what should be strong support around 19 cents.
Immediate resistance at .1927-.1933 will be hard to break.

Comment

PING


wow

.

Comment

Zoom of above Ping


.

Comment

needs one more push asap
rejection here would be bad news

.

Comment

Resistance Digested?

Have been chewing on the resistance bands all day


.

Zoom IN (5 min) to see the PRECISE reactions to the fib lines in this zone
Thus my labeling this a tough resistance.
Each line takes energy to cross, leaving less for the next one.

But it looks like a Break out is IMMINENT (or doom like XRP does so often)

=========================================================================================
Comments
Saeed966
Slippery09
Doesn't look too bright now, unless it's printing a bull flag! (it rarely follows the bull flag rules anyway!)
Slippery09
But many have lost faith....
EuroMotif
@kryptochristo, yeah, it has everyone trained to expect a lower low after every spike :(
Slippery09
@EuroMotif, TBH, if I wasn't balls deep in it, I would be shorting as well!!
Slippery09
its trying!
More