XRP.usd and why 21 cents is CRITICAL, 22 cents ideal bounce

XRP may well have bottomed around 17 cents with a good looking bounce.
The bounce has been rhythmic, first requirement for a sustainable wave.
Plotted are the two last waves (red-down, green-up) mapping key points.

21 cents is confluence of Red 4.236 and Green 2.618 fib extensions.
Both of those extensions are often strong barriers from either way.
If 21 cents breaks again, then lower lows become more likely.

Previous XRP analysis (click links below):
20 cent Retrace Map
19 cent Breakout Map
23 cent Doom Alert
28.6 cent Doom Alert

I also plot Forex and Stocks, take a look at my profile page.

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Kommentera:

Ping

Just tested to of resistance zone.
"Not all pings start a reversal, but Most reversals start with a Ping".

ie: be wary a drop unless this fib is pierced and held.

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