XRP Long Position
Updated
At the moment we are in the completion of wave four which happens to be a contracting triangle. The move up is going to be a ABC 3-3-3 for a Flat or 3-3-5 for Expanding (which looks more likely). I will take profit at the 0.5300 area which is close to the 2.1618 on the Fibonacci extension.
Also note that the RSI has moved out of the oversold area. Stop loss is around the 0.47 mark.
DYOR this is not financial advice.
Also note that the RSI has moved out of the oversold area. Stop loss is around the 0.47 mark.
DYOR this is not financial advice.
Comment
BOOM! Wave A complete now! For a Wave B down which can be any kind of corrective movement
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