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the price have approached support area, the ripple has the past of breaking but not closing under support levels, if the price close 1 day bar twice under the level of S, then it's expected to go as low as major acc.
otherwise, we are targeting resistance orange box if the trendline is broken and closed beyond it.
S = support
R = resistance
R2 = 2nd resistance
major acc = where most of the big players bought ripple , when price approaches these levels they will defend their positions hard
AH = all-time high
AL = all-time low
the price have approached support area, the ripple has the past of breaking but not closing under support levels, if the price close 1 day bar twice under the level of S, then it's expected to go as low as major acc.
otherwise, we are targeting resistance orange box if the trendline is broken and closed beyond it.
S = support
R = resistance
R2 = 2nd resistance
major acc = where most of the big players bought ripple , when price approaches these levels they will defend their positions hard
AH = all-time high
AL = all-time low
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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.