<center><h2>This is a new trade setup in Ripple.</h2></center>
Chart 1 shows the 4hour candles, and three significant resistance points.<br>
Price has currently made a range between two points that would have contained a significant amount of longer-term stop orders. <br>
Price "dropped" into this price range by making a strong move downward, as indicated by the first candle in the price range.<br>
THIS is significant, because it shows there was an abundance of sell orders in this spot compared to buy orders. Thus, the sudden and strong downward, BUT unsustainable, move!
<br><center>*4hour chart*
https://2.bp.blogspot.com/-USjaLouUpN4/WT0-4NCdEQI/AAAAAAAAAMA/YLcmKRMlApUgx7MrsZwMnNbxSBNcO5toQCLcB/s640/ripple%2B-%2Bjun%2B11%2B-17-1.PNG
</center><br>
This second chart is of the 30min candles. You can see how properly structured this range is upon closer inspection.<br>
<center>*30min chart*
https://1.bp.blogspot.com/-h25RngWGBE8/WT0-4B859hI/AAAAAAAAAME/We2w0WBiJ-sW0PQHqJoxwprUqDg1yRFggCLcB/s640/ripple%2B-%2Bjun%2B11%2B-17-2.PNG</center><br>
The <strong>RED LINES</strong> show the range boundaries, while the <strong>GOLD STARS</strong> show where price has touched, thus creating, these boundaries. It is preferable when they bounce from side to side in this "non-concurrent" manner...(I think I'm using that in the right context!)<br>
The <strong>BLUE LINES</strong> show where the stop orders have been previously placed. You can see that price targets these areas before reversing it's direction.<br>
<center><h2>POINT A</strong> is our concern!</h2><br></center>
The stops placed here by the upmove (also at POINT A) have just been liquidated. When price bounces off a resistance point like this, takes out the stops, then moves back up strongly...it is a strong signal that price will breakout in that direction!
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<center>There will be an influx of new buy orders if price breaks out past <strong>POINT B</strong>.</center><br>
<h2><center>This is a very suitable spot to go long!</strong></h2>

<center>https://2.bp.blogspot.com/-jOz2ZcqYNpo/WTFrPjPgICI/AAAAAAAAAFA/qyX80CcK-r0KyYSceRtvwka3Ww6s4DBLwCLcB/s200/U5dtJGEwnRUG4ztFH3xTm9w6EeqCXk9_1680x8400.jpg</center>
<center>@lonnie.sprinkles</center>
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