Repetitive Pattern in Ripple
Is Ripple repeating a similar downmove as in early October?
The October 6 bar (circled) is a midpoint candidate because all nearby price action to it's left is higher, while all nearby price action to it's right is lower - it was a significant "step down". Indeed, this midpoint projected the 0.38 significant low.
The Nov. 24 bar (also circled) is a midpoint candidate for the same reasons - it also marked the day where price took a significant "step down" followed by lower levels. If this projection plays out in a similar fashion we can expect the 0.225 zone to mark a significant low.
The October 6 bar (circled) is a midpoint candidate because all nearby price action to it's left is higher, while all nearby price action to it's right is lower - it was a significant "step down". Indeed, this midpoint projected the 0.38 significant low.
The Nov. 24 bar (also circled) is a midpoint candidate for the same reasons - it also marked the day where price took a significant "step down" followed by lower levels. If this projection plays out in a similar fashion we can expect the 0.225 zone to mark a significant low.
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