XRP - The Power Of Confluence
Updated
This chart provides with confluent support and resistance lines (parallel channels) that are based on multiple intersections and commonalities so these are the ones that will affect the future trend. Remember - the best levels tend to stand out from other, the less obvious ones. Therefore, these confluent diagonals can be very powerful for finding high probability set ups. Looking for intersections of key levels is an excellent way to stay on the right side of a trend.
This chart also includes important levels of support and resistance based on Fibonacci. So look for those levels and enter a trade when you see opportunities that favour your approach.
Overall - I am hyper bullish on XRP and believe it is a great long term investment. As soon as XRP manages to break above that major downtrend slope - I see the trend becoming more bullish.
This chart also includes important levels of support and resistance based on Fibonacci. So look for those levels and enter a trade when you see opportunities that favour your approach.
Overall - I am hyper bullish on XRP and believe it is a great long term investment. As soon as XRP manages to break above that major downtrend slope - I see the trend becoming more bullish.
Note
Here is an interesting fractal I found. Just a comparison of ETH 2016 and XRP. Trade active
Nice bounce off the HPS set up - should hold as support. Break below that slope could make things ugly.Note
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