SMC POV: XRP 4HR Analysis

as i said before XRP needs to hit 0.5651 to confirm that Major Low
for reach that price i drew possible movement based on Supply and demand
it's not a prediction of XRP market, it's just an analysis based on Smart Money Concept(SMC)
if price hit 0.5651 after that can create a new Low then go up or can break that low and go dw

all of these movements in 4HR TF are inside move !!!
only useful movement in this area should be hit 0.5651

i don't believe in triangle patterns, i just drew that for some ppl who needs a pattern confirm

Yorum:

price hit the daily supply and did a choch
now we can go for short. target first 4h demand
our entry price will be around 0.5182

İşlem kapandı: hedefe ulaştı:

target reached
price hit first 4 HR demand
now if price did a choch we can go for long trade

Yorum:

valid ChoCh happend on chart
now we can go long after confirmation
we can buy around 0.499 to 0.497
SL: 0.49
also can use FIB for entry
Fib 0.618: 0.4968
fib 0.5: 0.4986

İşlem kapandı: hedefe ulaştı:

target reached based on my prediction
price after mitigate 4HR demand reach and fully mitigate daily supply
now we can expect price come down and create a strong low, make a valid choch and reach 0.5651
i will update when choch happened

Yorum:

valid choch happened
now u can buy for long
target 0.5651

Yorum:

it seems price coming for extreme 4HR demand zone that i marked before

İşlem kapandı: hedefe ulaştı:

ok all scenarios happened in 20 days
see you in next ideas