Sometimes it is hard to make good decisions in choppy zones, mostly in reversal eniviroment and XRPUSD now looking like this.
Continuation models:
Looking on EW-count it feels and looks like ABC and sub 4th-5th wave development.
From Price action and Pattern: Descending Triangle, it could be bullish or bearish so here about 67% chance for bearish breakout.
Reversal models:
Price still in downtrend channel, but if it will break it — there is quite high chance for retest of $0.27. Descending Triangle, it could be bullish or bearish so here about 33% chance to bullish breakout.
Continuation models:
Looking on EW-count it feels and looks like ABC and sub 4th-5th wave development.
From Price action and Pattern: Descending Triangle, it could be bullish or bearish so here about 67% chance for bearish breakout.
Reversal models:
Price still in downtrend channel, but if it will break it — there is quite high chance for retest of $0.27. Descending Triangle, it could be bullish or bearish so here about 33% chance to bullish breakout.
🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk
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