XRP weekly chart
cycle similarities and differences.
white trendline begins at swing low prior to cycle top(orange), ends at .236 fib retracement(green) and then trendline is extended right.
blue is a false break-out at the same point in larger fractal(boxed in blue by date tool).
red line is started by small fractal(yellow), and ends at medium fractal(purple).
white arrows: price hitting resistance(white trendline) and correcting, prior to breaking ATH.
cycle similarities and differences.
white trendline begins at swing low prior to cycle top(orange), ends at .236 fib retracement(green) and then trendline is extended right.
blue is a false break-out at the same point in larger fractal(boxed in blue by date tool).
red line is started by small fractal(yellow), and ends at medium fractal(purple).
white arrows: price hitting resistance(white trendline) and correcting, prior to breaking ATH.
Note
oops meant daily chart
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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.