RFOX set to have a great month. Overall market looks bullish with altcoins popping. This one fits the hot narratives of play to earn gaming, metaverse land release 14th sep, staking and a streaming app with 20 million organic reach. Looking to have a run similiar to AXIE infinity. Looking for a move up to the 2.618. Approx 21c
XRPUSD short. Reward to Risk ratio >14:1. Elliot waves theory. Wave 5 continuation starting (Wave 4 completed with the break of trend). Shorting into 7-8c region unless there is a bullish breakout of the 4H 50EMA, in which I will exit. A portion of profits to be taken off the table at 13c.
Looking to add long term positions around the 4-6c level should it dip...
4H trend continuing to be respected. 0.305 first trouble area (FTA) with PA currently moving level to level. Once FTA reached SL will be moved to B.E. Retest of 0.282 = long bias will change. Target 0.323 (Daily candle closures + where next liquidity level is)