Very Interesting Fractal for XRPUSD
Hello traders,
The idea is kind of self-explanatory, I find it very interesting that XRPUSD is finding S/R on the same levels as the fractals which are also very close to the fibonacci retracement levels.
What is very interesting as well is that the next top for this fractal is that it is between the 0.618 and the 0.702 fibonacci retracement level (when taking the 2017 top as 1). And 0.618-0.702 is where the altcoin marketcap is currently finding it's resistance.
An interesting time lies ahead.
Not financial advise, I can not be held accountable for any losses.
The idea is kind of self-explanatory, I find it very interesting that XRPUSD is finding S/R on the same levels as the fractals which are also very close to the fibonacci retracement levels.
What is very interesting as well is that the next top for this fractal is that it is between the 0.618 and the 0.702 fibonacci retracement level (when taking the 2017 top as 1). And 0.618-0.702 is where the altcoin marketcap is currently finding it's resistance.
An interesting time lies ahead.
Not financial advise, I can not be held accountable for any losses.
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.