XRP short term outlined

Here I have outlined some possibilities I see playing out for XRP. Lets start by noticing XRP is currently falling from a hidden bearish divergence, not shown on this chart but you can find it on the 4H. The white line I have outlined is the top of a longer term falling wedge, price has broken out from this falling wedge and this is a typical retracement back down to test as support. With the last bullish move from XRP we can see 5 impulse waves were formed so now we can expect 3 correctional waves. As you can see I believe we are currently starting wave 2 with the recent wick down to the wedge (white line) followed by the bullish candles. Looking at resistance points and the past impulse waves the red box is where I will be looking to enter a short. As I mentioned, XRP is currently falling from a hidden bearish divergence on the 4H, 3 correctional waves are expected, and too also note, my trading script is also signaling short. Now I have also outlined with the green box where I will be looking for a possibility of opening a long, this is where I believe the 3rd correctional wave will end with another test of the wedge as support. I would also like to note that this green box is also placed around the .618 fib level from the first impulse cycle.

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