$XRP Undeniable Descending Triangle - Target 0.21
No support/resistance levels or Elliot Wave analysis today. I want to focus on one simple thing, the Descending Triangle over the last three days that terminates in one day and very likely will break down today.
In addition the bullish trend-line (dotted line) from 8/13 broke down yesterday.
Here's the funny thing; I exited my position at 0.31601, which... forms the bottom (dashed line)... so there's that to consider.
Initial target would be 0.30. This is the Monthly S3 and price has reacted to this level several times over the last two weeks.
The HA Monthly Pivot is 0.28 which the price has also reacted to over the last week, but less so than 0.30. Below that, and my ultimate target is the 0.20-21 level. This lines up with the 0.786 fib as well as the two half-Pivot Points (dashed purple and orange).
In addition the bullish trend-line (dotted line) from 8/13 broke down yesterday.
Here's the funny thing; I exited my position at 0.31601, which... forms the bottom (dashed line)... so there's that to consider.
Initial target would be 0.30. This is the Monthly S3 and price has reacted to this level several times over the last two weeks.
The HA Monthly Pivot is 0.28 which the price has also reacted to over the last week, but less so than 0.30. Below that, and my ultimate target is the 0.20-21 level. This lines up with the 0.786 fib as well as the two half-Pivot Points (dashed purple and orange).
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