"Top and Bottom Analysis" XRP/USD (Ripple) by ThinkingAntsOk
4H CHART EXPLANATION:
- Price bounced on the Major Support Zone and broke the Descending Trendline.
- It is, now, at a Support Level.
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75.
We are looking for buy setups on lower timeframes.
MULTI TIMEFRAME VISION:
-Weekly
-Daily
- Price bounced on the Major Support Zone and broke the Descending Trendline.
- It is, now, at a Support Level.
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75.
We are looking for buy setups on lower timeframes.
MULTI TIMEFRAME VISION:
-Weekly
