Hello everybody! It's late but I wanted to share my thoughts on a possible Xrp move!
I just posted views from a bullish side. This is counter trend idea just to keep you guys on top of things..
Inverted chart shows a possibility of getting lower very rapidly. So BE CAUTIOS!
We almost got that 0.618 fib which is so common for ABC patterns. Usually 0.618 is where trend should shift and impulse wave C come in. I'm not saying we're going there until I see next daily candle. I just closed my long positions and now awaiting what tomorrow will bring. I measured the moves in percentages - it looks more corrective than impulsive.
KEEP IN MIND - Measured moves not always work out! We might stop at 0.192 and 0.177 - these are crucial zones too! Keep in mind, that historical drop was around 95% and that would take us to ~ 0.18$.
Trade safe! This is not a financial advise!
I just posted views from a bullish side. This is counter trend idea just to keep you guys on top of things..
Inverted chart shows a possibility of getting lower very rapidly. So BE CAUTIOS!
We almost got that 0.618 fib which is so common for ABC patterns. Usually 0.618 is where trend should shift and impulse wave C come in. I'm not saying we're going there until I see next daily candle. I just closed my long positions and now awaiting what tomorrow will bring. I measured the moves in percentages - it looks more corrective than impulsive.
KEEP IN MIND - Measured moves not always work out! We might stop at 0.192 and 0.177 - these are crucial zones too! Keep in mind, that historical drop was around 95% and that would take us to ~ 0.18$.
Trade safe! This is not a financial advise!
