A pullback towards $0.19 - $0.18 would line up perfectly for a 4th wave following the basic elliot wave theory. The 4th wave would align with the major monthly support around the black zone. A fibonacci from wave 2 to wave 3 is ideal as this is from the last higher low to the most recent higher high. The 61.8 & 78.6 retracements align perfectly with the support...
We are at the end of the wedge if we look at the Bitstamp chart on a Monthly Timeframe on the log scale to include the huge increase in price from Jan 17. If we see the same increase in price (100,000% +) we could be at $125 by EOY, lets hope so 🙏
Long af this mf about to blow check out my next chart Simple chart: Fib, TL, Bull Market, Monthly TF Breakout (see next post) Big moves and big news coming :)
XRP followed bitcoins pump and didnt manage to reach the intended 61.8 & 78.6 retracements. However if this daily fibonacci inside the overall (BOLD) fib would come through a pull back on or around 23rd July close/4th July open. This would be the ideal scenario for one last dip to fulfill the long term retracements. However with all the news out in the last few...
Another perspective of XRP longs following previous posts, if retracements come through over the week and hold up we could be in for a good move upwards. See Chart For Details
We Have A Big Weekly Fib Retracement To The 61.8 & 78.6 Levels That Could Occur If $0.18400 Holds We Will Have Our Ideal Scenario (green), To $0.22000 Or Straight Moon? If $0.18400 Breaks And The News On July 21 Doesnt Mean Owt Then We Have The Second Scenario (purple) Please See Previous Posts 🙏 Daily: Weekly:
Follow Up From Previous Post (Weekly) Daily Looking Sweet For A Retest, Bearish Price 'Zone' Broken Retest Should Come Through With Fib Retracements
XRP Long Looking To Break A Monthly Bearish Trendline A Daily Fib Retracement To The 61.8 / 78.6 Before or Around 21 July Would Be A Great Confluence Combo With A Wedge Break And Retest, Judy Shelton, Federal Registers Law Expiring Should Be The Start Of 8 Exciting Weeks 🙏
Entry $0.17629 SL 1% Risk $0.17440 TP 1 50% $0.18000 Reverse Head and Shoulders Formed
Following Daily Chart Posted Previously Entries @ $0.18660 & $0.18780 Fib Retracement Came Through To A T Last Night TP 1 @ $0.19400 Will Either Close 25/50% At TP 1 Or Just Put SL @ B/E
Still Waiting For This Ting To Pop Off Few Confluences Would Like To See The Daily Close Above Blue Support Fib Is MINUS The Previous PA Could Still See As Low As $0.175 Just Quick Trade Init Otherwise I Will Await Intra Day PA
Bearish Channel And Broke Resistance Retest Due Of Both Also Between 61.8 & 78.6 Retracements Watch Out For NFP & Any Other News
Buy Limit - $0.19510 SL 100 Pips - $0.18510 TP 500 Pips - $0.24510 8% Risk - 5:1 RR
This is just what I would like to happen with the price over the next few days counter to my short position on my previous post. I think the analysis & confluences on the short set-up look better, I would just prefer for the price to go up not down lol. We all want price to go up however this is just based off the last 30 days of PA and with the last few candles...
Sell Limit Entry $1723 SL $1735.5 ( 125 Pips ) 50% TP 1 $1666 ( 6:1 ) 25% TP 2 $1650 ( 700 Pips )
Buy Limit Triggered @ 0.20163 2% Risk - 30 Pip SL @ 0.19875 3:1 RR - 100 Pip TP @ 0.21222 Close 50% At TP & Leave Runner
Buy Limits Triggered 2.5% @ $0.19814 2.5% @ $0.20193 SL @ $0.19450