So this last wave is very important now !We have a possible diagonally HS pattern now first target is 1.618 fibo ext. and target 2 is 2.618 if in first move we get to target 2 than that is also broke a previous low so our move to minimal 70 80 target is for sure but wave construction will told us where is the end (our imaginary end of down trend for now)!
Our Falling wedge scenario is erased with breakout from imaginary wedge and we have a back-test of imaginary wedge lower trend line!
We can see nice movements playing with highs and lows and also we can see that market is slow down it is just because h left only 90 usd to down:-).
So investors be ready for investments soon !
I know that we can say never try to ...
At the end picture is always more clear than at middle of the cycle!
Previous picture looks that cycle is almost finish
But now looks that one more small wave missing before we can say that cycle is really complete!
Level 102 and 111 USDT is the most important ...
If broke the upper line of wedge we can start believe in waves again!
Yesterday Waves usd was in similar situation and we have a nice Breakout!
For buy positions we can follow correlation Waves BTC ,Waves USD, BTC USD
Buy at back-test on upper wedge line Waves USD.
We can see correlations between XRPETH XRPUSD ETHUSD and if we check better than we have one more good chance to trade with high risk reward ratio now!
Entry at bottom line of triangle
SL at red line and TP at the end of fifth wave i better not write any number for now,later i will write the numbers in comment