Hey everybody. Xrp has bottomed out and I expect parabolic move from now on. Looking at smaller picture, I have 3 rectangles over here.
Yellow - Monthly supply zone.
Blue - Weekly.
Purple - Daily.
As you can see we had perfect retest of daily supply at 0.283 zone TWICE. This shows a strength in the market. After this retest we can easily pierce other levels and try to reach upper line of MS @0.44$. I also added dates, don't look at them too seriously, just trying to work on date pivots.
Keep in mind, that when XRP pops, it doesn't retest any supply's in the later stages of bull market. We are shifting from BEAR to BULL. Perfect situation for long term positioning and holding. We will reach new ATH sooner than most ppl think. 0.44 could be a short stop before things get crazy.
This idea is for educational purposes only!
Have a great weekend everybody.
Yellow - Monthly supply zone.
Blue - Weekly.
Purple - Daily.
As you can see we had perfect retest of daily supply at 0.283 zone TWICE. This shows a strength in the market. After this retest we can easily pierce other levels and try to reach upper line of MS @0.44$. I also added dates, don't look at them too seriously, just trying to work on date pivots.
Keep in mind, that when XRP pops, it doesn't retest any supply's in the later stages of bull market. We are shifting from BEAR to BULL. Perfect situation for long term positioning and holding. We will reach new ATH sooner than most ppl think. 0.44 could be a short stop before things get crazy.
This idea is for educational purposes only!
Have a great weekend everybody.