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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.