Ripple (XRP USD/USDT) Support Levels by Request + Learning

16 thg 12, 2018

This is an analysis by request. Please hit LIKE to start reading...

Ok my dear readers and beloved cryptocurrency traders, this is Alan Masters and I Love You! But what I actually mean is that you should always say... "I KNOW THAT I AM BLESSED AND I LIVE WITHIN THAT KNOWING. I LOVE & ACCEPT MYSELF NOW & ALWAYS"... Namaste.

Without making you read anymore love related paragraphs... Here are the support levels for Ripple (XRPUSDT) based on the Binance chart.

Ripple (XRPUSDT) Support Levels by Alan Masters

• (1) $0.24
  
• (2) $0.19 (The entire red rectangle is a demand zone)
  
• (3) $0.14 (The orange rectangle is the next one)
  

Now, the question asked by one of our great followers:

"How likely are we go to as low as support (3)?"
(Feel free to leave your questions in the comments section below)

Here is a possible scenario:
but wait... here is my answer:

I don't see it as very likely unless XRPUSDT continues in bear mode for a very long time or if there is a flash crash/dump, which in turn would result in a quick bounce. So instead we focus on price action and check the candle close every week.

Example: This week closes today and we are below Fib. 0.236 @$0.30. If the weekly candle closes below this level, then we can expect to test our first support at $0.24. If the candle closes above then XRPUSDT has the chance to test EMA10 ($0.39).

I know this article is a bit disorganized, I apologize but hopefully it helped you understand better XRPUSD next support...

If yes... hit LIKE... MORE OPPORTUNITIES WILL ALWAYS COME...

TO YOU!

Alan Masters here...

Namaste.

16 thg 12, 2018

Ghi chú

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