There is a good chance of breakdown from the small flag, faking the bigger wedge not to leave too much room for early buyers. I am gonna keep it sober and for now only watch how it develops to see things a bit clearer. Good luck and mind your account size... :)
Note
Ripple is reaching support of the bigger wedge. It can bounce here and continue up to .31 or we will see breakdown and targets would take place.Note
There we go... :)Note
All three targets hit by one candle... Target of the big triangle is .16 so be carefull with longs...Note
We had a nice retest of the triangle structure and till now it looks like we got a rejection. I am gonna take small short position with SL just above the resistance.Note
CG to all who shorted the retest... :)
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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.