Tell me your opinion about xrp
Be sure to tell me your opinion before reading🧐
Before anything, let's check the cycles. I'll start from hwc. As you can see, we are at the bottom of hwc. There is no special process, so we'll go to mdc.
mdc, the trend is clearly downward, and we don't have a trend in lwc, we made a box on the floor of hwc
Well, we have two scenarios, and I think the second one is more likely 👌
The first scenario
ascending
In lwc, there is a good support area at the bottom of hwc, and we are making an accumulation box, and it will be confirmed when we can break the 0.5216 support.[When the candle is broken, support and resistance are closed, we can say that it is broken]We have to set a bigger stop loss, because our mdc is downward, our target range is also shown in the picture.😶🌫️
The second scenario I know is more likely
fall
As soon as it sees the mdc going down, we can place a smaller stop loss. The redistribution is confirmed by breaking the 0.5216 support. There is a possibility that we will break badly. We also set our target to the downward trend line🫡
⚠️Do capital managemen⚠️
Before anything, let's check the cycles. I'll start from hwc. As you can see, we are at the bottom of hwc. There is no special process, so we'll go to mdc.
mdc, the trend is clearly downward, and we don't have a trend in lwc, we made a box on the floor of hwc
Well, we have two scenarios, and I think the second one is more likely 👌
The first scenario
ascending
In lwc, there is a good support area at the bottom of hwc, and we are making an accumulation box, and it will be confirmed when we can break the 0.5216 support.[When the candle is broken, support and resistance are closed, we can say that it is broken]We have to set a bigger stop loss, because our mdc is downward, our target range is also shown in the picture.😶🌫️
The second scenario I know is more likely
fall
As soon as it sees the mdc going down, we can place a smaller stop loss. The redistribution is confirmed by breaking the 0.5216 support. There is a possibility that we will break badly. We also set our target to the downward trend line🫡
⚠️Do capital managemen⚠️
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