Goodday,
Dear Trader on the XRP/BTC 4H chart we can obviously see the Following confluence reasons;
1. Series of Retest on The Major Support Level, despite the predominant downtrend, we can only see a couple of fakeouts from the support, but it's still very much valid.
2. A range/consolidation in price currently, showing that the impulse of the Predominant Trend is getting weakened and might Turn out to be an impending reversal
3. Breakout and retest of a well respected Trendline, That combines to give a Descending triangle
Dear Trader on the XRP/BTC 4H chart we can obviously see the Following confluence reasons;
1. Series of Retest on The Major Support Level, despite the predominant downtrend, we can only see a couple of fakeouts from the support, but it's still very much valid.
2. A range/consolidation in price currently, showing that the impulse of the Predominant Trend is getting weakened and might Turn out to be an impending reversal
3. Breakout and retest of a well respected Trendline, That combines to give a Descending triangle