4HR Analysis Update to 2 days ago (Targets Met)
Last post I predicted two targets:
0.285
0.303
We hit those targets.
What happened after?
What you're seeing here is actually my modified version of bollinger bands. The blue band is not the 4hour band, but rather the 16-hour band from the 4 hour band point of view. The hard rejection we saw a few hours ago was the result of XRP hitting the exact top of that band. We also hit the blue band on the hourly here as well.
So there are two possibilities here. Either all of crypto will be strong enough to overcome the blue band, in which case we will go up and we can probably reference the blue band on the day level. We could see one more correction here, in which case XRP would go back down to the 0.250 level, which would be at the bottom of the 1-hour blue band and the mid-point of the 16 hour bollinger band. If then, XRP bounces on that level, we stand a good chance of going much higher So this may be a gigantic excruciatingly long accumulation period. Or not.
At this point I'm not the expert here. My job was to get you to 0.285 and 0.303.
0.285
0.303
We hit those targets.
What happened after?
What you're seeing here is actually my modified version of bollinger bands. The blue band is not the 4hour band, but rather the 16-hour band from the 4 hour band point of view. The hard rejection we saw a few hours ago was the result of XRP hitting the exact top of that band. We also hit the blue band on the hourly here as well.
So there are two possibilities here. Either all of crypto will be strong enough to overcome the blue band, in which case we will go up and we can probably reference the blue band on the day level. We could see one more correction here, in which case XRP would go back down to the 0.250 level, which would be at the bottom of the 1-hour blue band and the mid-point of the 16 hour bollinger band. If then, XRP bounces on that level, we stand a good chance of going much higher So this may be a gigantic excruciatingly long accumulation period. Or not.
At this point I'm not the expert here. My job was to get you to 0.285 and 0.303.
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