Ripple recently has broken above the yellow long-term trendline and retested.
It would have been a nice place to enter long when it was retested around $0.37.
For those who entered long, I would hold it more until it reaches the green trendline which I have determined as TP1. If it breaks below, I would either close my position and re-enter at EP2 (around 0.25~0.26), or I would accumulate more at EP2.
Short EP (around 0.92~0.97) was derived by 1:1 fib extending the recent sub-wave, which happens to be near 0.236 fib retracement level.
It would have been a nice place to enter long when it was retested around $0.37.
For those who entered long, I would hold it more until it reaches the green trendline which I have determined as TP1. If it breaks below, I would either close my position and re-enter at EP2 (around 0.25~0.26), or I would accumulate more at EP2.
Short EP (around 0.92~0.97) was derived by 1:1 fib extending the recent sub-wave, which happens to be near 0.236 fib retracement level.
Note
TP1 reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.