We have a big (doubled) cloud that we are looking to pop into after this consolidation in ripple. It aligns roughly with a retrace up to the .5 .618 level.
RSI drifting up, we have long term support that appears to be strong. Come the end of Sept we will likely see a TK cross on the doubled cloud here.
Combine all that with the bottomy range we have experienced after a mini pump... Overall this appears to present a very low risk high reward scenario going into the fall.
Happy trading!
Trade closed manually
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Rejigged some of my indicator settings, need to rethink the entry. Still think it has upside potential though.