alldyn_pip_king

What I see as choices for XRPUSD associated price action

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BITSTAMP:XRPUSD   Ripple
Just looking at two choices based on one particular 4H candle and how the associated price action at this level is moving correctively. We have a large inside range of 9,000 points with market movement contracting, which I believe is the pause (price equilibrium, base, side-ways movement, consolidation) before it springs (higher probability) into the desired action. It is a pretty simple picture at this level with what is happening. If you change over to HA (Heiken Ashi candles) you can see what is happening based purely on the trend/momentum. *Note - Each HA candle is formed by the two previous candles data AND each new candle opens up at the 50% level of the preceding candle's associated price action.

For my EW (Elliott Wave) folks, look at the wave count from the Daily and then the Weekly level.

*Note - Bottom grey extended box is a 4H demand zone, indecision to decision (spinning top then IC candle). The top thrusting boundary area is a larger TF supply zone with market movement testing the boundary of that zone and the outer edge of that zone. This is a "zone within a zone" upper area.

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