After a sell off on most of cryptocoins we can expect solid correction and I will go for XRP as it shows relative strength against rest of coins
Current structure indicates we have a nice flag in development on hourly time frame for potential bigger up move.
You can try to take trade to target marked as on chart with possibility of price reaching 0.9000$ level.
This is my recent long-term forecast for AUDCAD pair.
I expect 3 waves structure to the upside to develops where all of the waves should be sharp and quick.
After completion of structure to the upside and breaking last swing daily top I expect another sharp impulse to the downside.
The current development of structure indicates that huge daily correction may come to end very soon therefore it would be a good idea to take any sell setup from this point for potentially next impulse to downside on daily time frame.
Wait for breakout of lower degree trend line for entry.
The current structure indicates we may have a reversal sign as price action forms rounding bottom and possible inverted head and shoulders pattern.
Wait for a breakout of the line marked on the chart for entry level.
The current structure indicates we have an ending diagonal pattern completed therefore it would be a good idea to short to targets as marked on the chart. You can wait for breakout of trendline for entry.
Price moves in bigger corrective structure possible flat ABC.
Usually harmonic patterns work great in corrective pattern with high rate of success.
Current structure indicates we have a bullish gartley pattern in development and price should reach previous daily swing high.
Current structure indicates price moves in correction of last impulse on hourly time frame.
There is high probability structure will develop into triangle pattern.
You can enter based on breakout of inner trend line or bottom line of structure.
Looks like we have a classic head and shoulders pattern in development on daily/weekly time frame
Breakout of weekly trend line supports that concept and we can try to take any sell setups on lower time frame .