alannamueller88
Short

XRPUSD: Decending triangle. quick 2-3% gain.

BITFINEX:XRPUSD   XRP / U.S. Dollar
Large picture:
waves 1,2 and 3 of the elliot wave impulse wave is complete.

Small picture:
Descending triangle is forming in the short term.

It is that simple.

Strategy:
Enter trade at the top of the decending triangle.
Target previous support at the fib line. That zone is a fresh supply zone that has only been touched twice so chances are good that it will bounce from there on the third touch, ALSO a great buy opportunity.
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