$XRP short term Just sits on the uptrend support line that | Timechain Coder on Binance Square

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Timechain Coder

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$XRP  short term
Just sits on the uptrend support line that worked multiple times before right now.
I'm  watching to see if it will make a new high (likely if it breaks 2.5319) or if it needs more sell-side liquidity (it has not yet made a new HH after the Dec. 10 drop).

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XRP

2.0792

-13.77%

42k

0

Replies 13

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$PEPE It could not break the declining resistance and make a new higher high, also lost the S-R flip zone (green box) and followed a movement as expected between the levels I marked below. The only positive situation right now is that it is holding above 0.00001733. Closing below here could bring another decline that big. That's why it's a very important level. A bounce up to 0.000018 at current levels is only a retest of the decline. Higher high that we need to see in the inner structure for bullish confirmation, the candle body needs to close above 0.00001975

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$DOGE Since it could not make a new higher high after the trend break, it followed a movement as expected between the levels I marked below. It got first bounce from the indecision candle region, but the wick is not deep enough yet. Therefore, it may want to wick deeper or it may reverse directly if it's enough, we do not know. If it only closes below this box, the next support levels are very low and we do not want that. A bounce up to 0.3396 at current levels is only a retest of the decline. Higher high that we need to see in the inner structure for bullish confirmation, the candle body needs to close above 0.3652.

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$SOL has pulled back to the retest level after breaking the long-term accumulation range. The green box support is very important for this. It should remain above the green box for the continuation of the medium-term positive outlook. Most of the liquidation has been swept away. Even if it wicks below, closings should not be made below. Otherwise, the decline may deepen and a declining trend line and lower liquidation zones can be expected. We continue to look for a new higher high in the internal structure for reversal confirmation. Currently, this level is 212.14

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$XRP is holding up better than the market average and is still above the trendline after re-wicking the imbalance zone and sweeping the liquidation. I had shared my key levels in previous post for the change of character and market structure break and it is still far from them. We continue to look for a new higher high for reversal confirmation. Currently, this level is 2.4317

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$BTC The last scenario is occurring. The price has reached the order block. The bounce up to the dotted white line is a retest of the decline in the internal structure and not a reversal confirmation. A new higher high with the candle body closing above the red line is a must for a reversal and is the most suitable level for this place because it swept away the liquidations. If the decline continues, these levels will change. If the candle closes below 94,150, the decline may deepen.

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