DeanoGunz

MICRO XRP ANALYSIS (4H)

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
On a very micro scale (3 candles/12 hours), our price action has wiggled its way into CHANNEL 2. Channel 2 has several things going on....

1.) Candle wicks are ascending and descending all over the place. Meaning buyers and sellers have been fist fighting after the initial large green candle we got today.
2.) We hit resistance at FIB LVL 0, this wont be a problem we are on a very small time scale remember!
3.) The bottom of Channel 2 has two layers of Support over lapping ATM, FIB LVL .236 and the 20 day EMA (Thick Green Line)

As of now you should hold onto your XRP. Theres a few other variables i will be watching that ill go over in another post coming tomorrow morning around 10:00 (UTC-4)

If you have any questions shoot your shot in the comments!!

Comments

Awesome - thanks!
+1 Reply
@ptom34, Your welcome
Reply
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