Two poss ways I can see this playing out. Either way I will be waiting for the circle to be hit either on the upside or downside before looking into this. As we have broken the trend line my opinion is a short, but this is Crypto and anything can happen. So best to wait and see which side it gets to the circle on.
Feel free to give me constructive criticism on...
This is my least favourite set up I have posted today. but will still keep an eye on it.
If I see a nice rejection off the trend line I will enter this.
I think NZD will be strengthening this week.
eur/nzd and gbp/nzd have set up the same way both breaking the 1H trend line. We can see that EN looks to be making the next move down. I think we will see GN move down soon as well.
Firstly do not take this as TA as I am inexperienced in these patterns.
created a triangle pattern and the E wave should hit the 100MA around 0.85500 and then I am expecting the next bullish move up to around 1.05 area.
S/L just under the previous 2 attempts to break 0.80000 price,
Have not got much experience with these patterns so feedback appreciated.
Thanks!
We can see that a trend line has been hit here and this is backed up by the few wicks forming of of it. This is also the previous LL which it now looks to be retesting as a new LH.
I personally think we will now have one last down move to 0.44-0.40 before we see a break and a new bull move created.
With all the things Ripple is doing and partnerships it is...
