Potential movements and levels for $XRPUSD - 10.10.2018

9 oct 2018

Overall I'm looking for a move back to 0.32 and/or 0.28 for XRPUSD. I am expecting the old weekly high at 0.52467 to now provide resistance and assist in limiting the upward momentum at this time. A spike through could be expected but a close above that level on the daily time frame would negate my bearish bias and I'd look for the level to become support.

For now I am watching for the H4 order block to hold and send us up to the weekly level. If this block doesn't hold, then expect it to become resistance and watch for a move down to 0.38 in the interim.

10 oct 2018

Nota

So, the reaction off the M15 breaker was really nice and the low has been taken but price hasn't hit the H4 order block yet. I am still expecting it to reach down there but it doesn't really have to.

Now we wait; looking for a shift in market structure showing interest in moving up or a continuation down. Either way, I am out of the short and sitting on my hands until it becomes clearer.

11 oct 2018

Nota

Well, continuation it is. I doubt there will be much upside on this retrace. Levels to watch are 0.424 and 0.444 for possible short entries with targets of 0.34 and 0.28

15 oct 2018

Nota

Not quite how I had it mapped out, but the level was hit beautifully