After the break and close below 1.3020 area Price dropped to the next structure level, where i'm looking for a potential long opportunity that presented with a Bat pattern.
Unfortunately, because the cyptos are bearish my Risk on all cypto pairs are very low and doesn't affect my overall account. Thanks to a very strict Money Management Strategy.
Ripple is currently consolidating on the daily and as we know consolidation breeds pattern formation, waiting for my price point to be triggered. remember guys always trade your plan.
The crypto markets has been taking a beating recently, but still tradable, looking for potential quick buying opportunity if price comes down to 5900s taking full profits (T2) at 6600s
Purely technical, with a break above the descending triangle on daily chart, i predicted a bullish move. therefore i'm waiting on the pullback on H4 which has already happend, put my price hasnt been triggered yet. for a long position, with potential of continuation.
PA RECENTLY BROKE AND CLOSED BELOW THE LAST STRUCTURE LOW AND IS FORMING A COMPLEX PULLBACK, AND COMPLEX PULLBACKS HAVE BEEN KNOWN TO CREATE POTENTIAL ADVANCED PATTERN FORMATIONS. LOOKING FOR PA TO TEST THE 88.6 RETRACEMENT AND REVERSE. AND POTENTIALLY RETEST STRUCTURE LOW. PLAN YOUR TRADE, TRADE YOUR PLAN. GOOD LUCK TRADERS.
WAITING TO SEE IF PRICE WILL TEST AND HOLD STRUCTURE FOR A QUICK ENTRY AND EXIT, IF THIS HAPPENS I WILL LOOK TO GO LONG ONLY IF I GET A SIGNAL ENTRY.
KEEP IN MIND ON THE ONGOING BEARISH TREND.
PA RECENTLY BROKE STRUCTURE, A POTIENTIAL BEARISH CHYPHER PATTERN FOR TARGETS 1 AND 2 AND POTENTIAL RETEST OF STRUCTURE AND CONTINUE TO TREND. HAPPY TRADING.
