Side correction takes the form of a double, or threefold zigzag if we go down to the lower bound again, it will be Zig-Zag, but anyway after that the price has to go up. By my calculations now we have seen the first impulse in the form of a wedge, after him we will see falling, that is today still falling then the price has to depart up.
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As I also thought that at a probitiya we will go to the area specified by an arrow, generally now I think we will see the movement sideways, in the current of 2-3 days therefore it is possible to sell and try to trade in other currency, for example Dash I have made the idea, look at me in a profile
Nice idea on XRPUSD and there may be potential gains as you have identified by going short. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first resistance at 0.4734. It is a horizontal swing high resistance, descending channel resistance, 76.4% Fibonacci retracement and a 100% Fibonacci extension. Stochastic is approaching resistance and we might see a corresponding drop in price. If a corresponding drop does occur, we may want to take a look at the 0.4499 support level. It is a horizontal swing low support and a 61.8% Fibonacci retracement.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.