XRP. The correction after the fall is over. I'm expecting $ 0.38
Updated
Thhis idea is part of a larger idea that I have been publishing a few days ago.
After the sellers began a sharp fall, a flawed breakdown of $ 0.415 was created. From this price, the correction has begun, which practically tested the level of 0.382 from the entire fall. A price zone of 0.505-051 $ is created, which is critical to sellers. If sellers keep this zone, then the idea is correct and we are waiting for a new strong drop wave with the goal of 0.35 $ -0.38 $.
Facts that, in my opinion, predict the continuation of the fall:
1. if you make correction waves, then the wave c = a:
2. Marginal buyers' positions are growing slowly:
3. Sellers continue to increase their positions:
4. With each new local low, volumes decrease:
5. The chart clearly shows the wedge, which usually breaks down.
Therefore, if sellers will hold 0.504-0.51, I expect the continuation of the fall.
After the sellers began a sharp fall, a flawed breakdown of $ 0.415 was created. From this price, the correction has begun, which practically tested the level of 0.382 from the entire fall. A price zone of 0.505-051 $ is created, which is critical to sellers. If sellers keep this zone, then the idea is correct and we are waiting for a new strong drop wave with the goal of 0.35 $ -0.38 $.
Facts that, in my opinion, predict the continuation of the fall:
1. if you make correction waves, then the wave c = a:
2. Marginal buyers' positions are growing slowly:
3. Sellers continue to increase their positions:
4. With each new local low, volumes decrease:
5. The chart clearly shows the wedge, which usually breaks down.
Therefore, if sellers will hold 0.504-0.51, I expect the continuation of the fall.
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