XRP & a bunch of 4hr marked hold levels | 1hr TF view
This is just a hold level directory.
Orange = 4hr
Dashed levels are marked BS for BackSide hold levels and FS for FrontSide hold levels.
Solid lines are break levels defining a range.
BS levels expectation = strong reactions or bounce off these levels. If no strong reaction occurs then the target is deeper in the move, possible the next range.
FS level expectation = Weak reactions but hold the price through trend. (Hold levels tested twice creates a base)
break levels expectation = first touch, first rejection 90% of the time. 2nd test & rejection = the creation of an "Origin Level". Break levels that were resistance can also be used as support once they are broken. polarity on retest of Origin levels, too. expect a big bounce otherwise its a false breakout.
Orange = 4hr
Dashed levels are marked BS for BackSide hold levels and FS for FrontSide hold levels.
Solid lines are break levels defining a range.
BS levels expectation = strong reactions or bounce off these levels. If no strong reaction occurs then the target is deeper in the move, possible the next range.
FS level expectation = Weak reactions but hold the price through trend. (Hold levels tested twice creates a base)
break levels expectation = first touch, first rejection 90% of the time. 2nd test & rejection = the creation of an "Origin Level". Break levels that were resistance can also be used as support once they are broken. polarity on retest of Origin levels, too. expect a big bounce otherwise its a false breakout.
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.