XRP / USD Local work from reversal zones. Triangle.
Timeframe 4 hours. The chart shows potential work from important reversal / trend continuation zones on which the formation of a particular pattern depends. If possible, I will accompany the price in updates like the last time. Let me remind you that airdrop 12 12 2020 take this into account in your trading. Top exchanges support it. Consequently, XRP coins after it will be on exchanges.
I also want to note that if a symmetrical triangle is formed (the first or second option is not important), then this is a 50/50 figure of uncertainty and doubt. At the end of its formation and clamping of volatility, the main players ... ... will be clear about what the majority believes and go against their hopes and expectations. Therefore, they can break through in any direction. Therefore, it is important to work from the market situation that develops, and not from your desires.
Under this idea, I have consolidated my past trading ideas for this coin for almost a year. See updates in these trading ideas as the price movement develops.
I wish smart people big profits and understanding of market processes not only of a local nature on a particular trading instrument, but on a more global scale, how everything is interconnected.
I also want to note that if a symmetrical triangle is formed (the first or second option is not important), then this is a 50/50 figure of uncertainty and doubt. At the end of its formation and clamping of volatility, the main players ... ... will be clear about what the majority believes and go against their hopes and expectations. Therefore, they can break through in any direction. Therefore, it is important to work from the market situation that develops, and not from your desires.
Under this idea, I have consolidated my past trading ideas for this coin for almost a year. See updates in these trading ideas as the price movement develops.
I wish smart people big profits and understanding of market processes not only of a local nature on a particular trading instrument, but on a more global scale, how everything is interconnected.
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work in the local channel formed during the price movement along the downtrend trend. Pay attention to how yesterday the feet were knocked out to the shorts (squeezes are higher than the channel resistance). Also, pay attention to how all local straits are redeemed for a large percentage. At the moment, the price has stopped at the level of 0.51651 51/6/51 (666) in the middle of the channel (the level of the trend reversal on November 27). The numerical value shows what is happening locally and a warning for large market participants so as not to interfere. Work from zones. Long only when the price consolidates above the red line (downtrend) or from the channel bottom zone.
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