RIPPLE Did Exactly What I Forecasted, What To Expect Next?

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Hello traders investors and community, this is a follow-up analysis of the recent RIPPLE analysis I made some time ago, highly recommend that you check it out when going to my profile and look on my last XRPUSD idea. As we can see now RIPPLE made an up-move directly into the confluence-zone I showed in my analysis, now this is a major resistance zone for RIPPLE and we need a bearish confirmation of the lower trend-line of the wedge for a concrete bearish continuation.

So ripple touched the bearish confluence-zone as I predicted and made a higher high at 0.189, you can see it clearly in the chart, what is the importance now is that we are consolidating in the confluence zone, as I already mentioned this formation will break with a 75 % to the downside, we have only a 25 % that we will break to the upside, the possibility is not much but it is not much so, in this case, it is the wisest option to place the trade in the direction with the highest probability.

This formation and the break-out to the downside can be traded now, the best way to trade it is to wait for the confirmation of the lower blue trend-line, this is the conservative approach, but as we already see heavy bad bearish bear signs it is possible to trade it with an immediate entry and stop-loss above 0.185. The targets will be realized at 0.146, 0.13 and 0.116 this is the percentage projection of the target range with the beginning of the wedge from the bottom to the top.

What can we expect after the targets are realized?! There are good support zones in these regions as you can see already marked in my forecast with the green support base, it is highly likely that bitcoin will confirm bullish in these levels when it will be touched, so from that point, we can see expect a bullish reversal with a second test of the strong falling bearish trend-line, which in fact we already tested one time.
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Good luck is when opportunity meets preparation, while bad luck is when lack of preparation meets reality.

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FAREWELL

Information is only educational and should not used to be for taking action in the markets.
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