XRP performing complex elliot wave correction. Now forming a pennant after upmove, which is likely to break up. Just like the pennant formed after the downmove broke down, i expect this one to break up. Possible bounce zone should be above the last low at point D. Invalidation will be if it goes below. This means a heavier correction is coming. The green line is the confirmation level (C) for the mover higher up.
You can buy this coming pullback with stoploss below D, if your conservative you can buy if confirmation level breaks.
Target is around .7. Best of luck
You can buy this coming pullback with stoploss below D, if your conservative you can buy if confirmation level breaks.
Target is around .7. Best of luck
Comment:
Forgot to put in triangle target. This will also be important resistance (0.61)
Trade closed: target reached:
T1 reached