Ok my dear readers and beloved cryptocurrency traders, this is Alan Masters and I Love You! But what I actually mean is that you should always say... "I KNOW THAT I AM BLESSED AND I LIVE WITHIN THAT KNOWING. I LOVE & ACCEPT MYSELF NOW & ALWAYS"... Namaste.
Without making you read anymore love related paragraphs... Here are the support levels for Ripple ( XRPUSDT ) based on the Binance chart.
Ripple ( XRPUSDT ) Support Levels by Alan Masters
Now, the question asked by one of our great followers:
"How likely are we go to as low as support (3)?"
(Feel free to leave your questions in the comments section below)
Here is a possible scenario: but wait... here is my answer:
I don't see it as very likely unless XRPUSDT continues in bear mode for a very long time or if there is a flash crash/dump, which in turn would result in a quick bounce. So instead we focus on price action and check the candle close every week.
Example: This week closes today and we are below Fib. 0.236 @$0.30. If the weekly candle closes below this level, then we can expect to test our first support at $0.24. If the candle closes above then XRPUSDT has the chance to test EMA10 ($0.39).
I know this article is a bit disorganized, I apologize but hopefully it helped you understand better XRPUSD next support...
If yes... hit LIKE... MORE OPPORTUNITIES WILL ALWAYS COME...
Alan Masters here...
I am new to Elliot Waves and just playing with it. Your comment is really helpful.
wave 4 never goes higher than wave 1. Anyhow Elliott wave it's really interesting and gives a clue about market directions.