I am expecting a further decline in prices.
I am looking towards to 27c-30c region for XRP.
Within this zone I expect the completion of a harmonic move/abcd.
We have a strong area of support here and the 1.618 extension level acting as confluence.
This would be a great price level to refill my bag of xrp.
I have been dollar cost averaging, all...
Nice opportunity for the short side if the B to C leg completes just closed below the 618 fib line its also broke a lower close low candle, could see a nice risk reward on this I've got 1:5 risk reward on this trade I will also be looking for the long side after (if) the C leg reverses in the zone and then I would look to target the C-D completion.
Looking to hit a key resistance level around 125.680
Bearish bar pattern also completes at point (D) on my chart
Trendlines created channel that could be broken out from In a bullish move before the reversal begins around point (D)
TP 1 at .381 Fib Level
TP 2 at .618 Fib Level
Once price reaches TP 1, drop stop loss into profit to protect capital from loss.
We have a bearish bat formation on hourly chart, which is already triggered and tested PRZ half way.
And also this zone is previous support/resistant structure.
This one can be good trade with risk reward around 1.5 at the first target 38% FIB lvl even when you place stop loss 10 pips above the whole PRZ, you can aim for target 2 at 61% and so on.