ABOUT SUPPORTS AND RESISTANCES.

I decided to give you some more food for thoughts for what concerns supports and resistances in chart analysis and their psychological meaning in the mind of a trader or a person who look up to the market.

Supports and resistances are indeed psychological levels more than anything else. Just looking at any chart you want, you can determine exact price lines where the price of that given market stopped, reversed its action or bounced.

Why do this happen? Very simple. It is by no means different from our standard way of thinking in regard many other subjects.

*Practical example: You go to a place where you’ve been before. You remember, at that time you ate very good food in that particular restaurant. What do you do? Do you go in search for another one or do you go again in the same place.
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*Not to talk about the time you go to that place on purpose to eat in that particular restaurant.
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Now change the names. Where you read PLACE, read RANGE OF PRICES. Where you read RESTAURANT, read PRICE LINE.

That’s how we humans think.

Let's get into XRP@ATH!

*How to read the following chart:
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*- First column is your hypothetical investment of today.
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*- Second column is xrpusd price of today.
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*- Third column are the xrp’s units you’d purchase today with that given sum.
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- Fourth column is the All Time High price of xrpusd pair.

*- Fifth column is how many times you’d multiply that given sum you invested today WHEN and IF All Time High price is reached again.
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- Sixth column is the value of your investment at the point of All Time High WHEN and IF it is touched again.

XRP@ATH is released every Monday and Friday.

Because the project is huge…let’s dream HUGE!!

Price is updated at 13.00 CET.

Have fun!!

Lancia☀️

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