Hi,
XRP has raided one of my buy zones and bounced. Hasn't touched the 0.618 fib what i was expecting but still i think it's a very nice buy order:] We have two options now again.
1] we push above the strong resistance (huge falling wedge trend line, H&S neck line, fib) right above the current PA and we confirm that we're already in the fifth wave (impulse wave) by impulsive continuation and pushing above 0.234$
2] we will make another leg down to the 0.618 fib finishing the C wave and then bounce strong (wave 5)
I'm in long position and i'll add to the position if we follow the option 2]
Stop-loss 0.20086$
XRP has raided one of my buy zones and bounced. Hasn't touched the 0.618 fib what i was expecting but still i think it's a very nice buy order:] We have two options now again.
1] we push above the strong resistance (huge falling wedge trend line, H&S neck line, fib) right above the current PA and we confirm that we're already in the fifth wave (impulse wave) by impulsive continuation and pushing above 0.234$
2] we will make another leg down to the 0.618 fib finishing the C wave and then bounce strong (wave 5)
I'm in long position and i'll add to the position if we follow the option 2]
Stop-loss 0.20086$
Trade active:
We still don't have the confirmation that we're in the fifth wave. But we're pretty close to 0.234$ which will be the final confirmation for me.
I made a draft of the possible wave 5 structure. I really like the upper target!!
I made a draft of the possible wave 5 structure. I really like the upper target!!
Trade closed: target reached
