Description
⋅ XRPUSD 201806
waiting for lower chennel meeting
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⋅ Sold 50% on 0.55
Long again at 0.528
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⋅ Next resistances:
0.595, 0.636
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⋅ With my buy zones and sell zones (where i traded and keep an eye to trade on)
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⋅ 0.57 is 1.272 fib extension, that is the key point to decide whether we have an ABC correction within then downtrend or a reversal:
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⋅ watch 1.272 and 1.618, Tp for 1.618 lowered
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⋅ Long on XRP again 0.5308
SL 0.524
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⋅ All depends on BTC defending 6427
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⋅ macro view, wave count down, V seems unfinished
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⋅ CLoser, last wave V
Target 0.465
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⋅ If that plays out, keep an eye on historical supports:
0.471
0.455
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⋅ Looks weak, the wick to 0.541 could have been the top of wave II
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⋅ Hit 1.272 extension, which is typical for C of ABC, alternate count with target 0.58 would be:
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