Long

XRPUSD 201806

Updated

XRPUSD 201806
waiting for lower chennel meeting

Note

Sold 50% on 0.55
Long again at 0.528

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Next resistances:
0.595, 0.636

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With my buy zones and sell zones (where i traded and keep an eye to trade on)

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0.57 is 1.272 fib extension, that is the key point to decide whether we have an ABC correction within then downtrend or a reversal:

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watch 1.272 and 1.618, Tp for 1.618 lowered

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Sold 40% at 0.567

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Raised SL to 0.5312

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Long on XRP again 0.5308
SL 0.524

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All depends on BTC defending 6427

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macro view, wave count down, V seems unfinished

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CLoser, last wave V

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Target 0.465

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If that plays out, keep an eye on historical supports:

0.471
0.455

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Looks weak, the wick to 0.541 could have been the top of wave II

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Hit 1.272 extension, which is typical for C of ABC, alternate count with target 0.58 would be:

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