Ripple has created bearish channel,. Overlaid Daily support and resistance levels+ Fibonacci+Gann Fan, drawing future projections on price-points, where have to play attention.
Now price staing at 38% Fibo+Daily Pivot (was tested, and refused). Next 2 Support is surrounded 50% Fibo, and 50% level its serious area for break or reflect and back to Bullish trend.
* 3/1 Gann line+38%Fibo+Daily Pivot- 3/1 become resistance.
* 2/1 is next weak support line. if 50% will be breaked, 2/1 is next destinations,.
*Pink middle channel line, now its support, and will be tested ASAP.
After December rally of XRP, very hard to find good Bull trend line from pass. So all what can do its rely on Fibo+Gann+Daily Supp and Resist.
Now price staing at 38% Fibo+Daily Pivot (was tested, and refused). Next 2 Support is surrounded 50% Fibo, and 50% level its serious area for break or reflect and back to Bullish trend.
* 3/1 Gann line+38%Fibo+Daily Pivot- 3/1 become resistance.
* 2/1 is next weak support line. if 50% will be breaked, 2/1 is next destinations,.
*Pink middle channel line, now its support, and will be tested ASAP.
After December rally of XRP, very hard to find good Bull trend line from pass. So all what can do its rely on Fibo+Gann+Daily Supp and Resist.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.