i.imgur.com
The image linked above is from Kucoin 4hr chart, CRO and XRP / USDT.
Different time scale, but XRP seems to be following the fractal so far.
Successful bounce down off of the 20Day MA, now testing the top of "strong support" zone.
A few possibilities shown that I can see playing out for the next few days, and into the month of Oct.
A break below 0.225 will likely yield a drop to 0.21 levels.
If we don't bounce up from the March trend line, that will likely bring us to the bottom of the channel around...
Since we broke below 20Day MA a few days ago, it has been acting as resistance.
Daily candle close below strong support region around 0.228, but a quick recovery.
Maybe a chance for a pullback to 0.21 levels before taking off.
We had a daily candle close below the March trend line a few days ago, with buyers supporting the 320 levels on the quick recovery the next day (Since beginning of September these levels were support as well).
Resistance on the 100Day MA and support on the 20Day MA right now.
March trend line acting as support again, no bounce off it yet. If we break below March...
