Short

Updated

my view

I can see xrp to go futher down. i believed XRP/USDT still in the 3rd wave until it touch orange 3.618 extension line. 5th wave target is orange 4.382.

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this is not financial advice.

this showed ascending triange after downtrend which suggest continuation of a downtrend.
now, we can either retest the upper triangle and go down or go down now.

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BTW, I'm not predicting the time in the chart.

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i'm sorry, i made a mistake in EW wave placing.

this will the correct one

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hmmm? IHNS

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i'm suggesting Inverse HnS because the OBV don't really go down agressively as the price went down. if broke above neckline will expect 2.8% bounce up only then down again. don't this is 1 hour TF.

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i guess the Ihns on 1 hour tf invalidated as supposed right shoulder go bellow head

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according to the chart post in the comment on 12 dec,it showed that the 4th wave(yellow EW). please ignore the blue EW.

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im charting this new 5th wave outline as price broke down and retest the lower line of ascending triangle.

Trade closed: target reached

closed short with 16% profit and looking to reenter short at 0.208$

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price now in wave 3 of the 3rd in 5th wave
will reenter short around no.3(red) and exit at no.3 (yellow). next, reenter short at no.4 yellow

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wave 3 of 5th wave complete, seems like wave 5 of 5th wave will be fast

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not financial advice. i put my long entry at 0.1585. if broke that 0.15$, lower support would be around 0.11-0.13$ and 0.03-0.06$.

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ok im gonna stop updating this idea.
Peace.

hariz505

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hariz505