XRP Wolfe wave setup. (SHORT)

Wolf wave setup short

If you dont know what a wolfe wave is, try google or youtube.

Trade active:

Extra information :
The bearish Wolfe wave pattern generates a sell signal near the terminal point of wave five, after the 1-3 trend line has been breached to the upside. Subsequently, price is expected to move lower and find support near the 1-4 trendline.

= Update :
For now XRP is consolidating, this idea is NOT invalidated (yet)
The high that made the lower low is not broken yet, and we are trading at a resistance zone.
I will wait for a sweep of the high before i enter a swing short.
If i dont have a short trigger, i dont enter the trade, and this is still an IDEA.

Comment:

Hello Fellaz,

Another week is about to start, XRP is following the idea for now.
II expect most alts do another +8-10% before the next leg down starts.

This is my plan for the next week.
Offc i will execute my trades at smaller TF confirmation in mentioned zones.

Have a good one.

Comment:

Hello XRP Moonboys !

Currently XRP is trading around the 0.5 fib level.
iam scalping this long to the 0.786. that like +29% from here. Expecting some spikes above, where i will look for shorts.
Should go back all the way to the 0.12 sub $0.40

Trade closed: target reached:

Sorry for anyone who added a salty comment in here.
Trade closed, longing soon.

Have a good one, TJ