i feel that ripple will could now start moving sideways in the range between blue lines as they are so volitile the cryptos i think a big sideways move is needed which may lead us to test the previous highs and as i like to start as simple as poss maybe a nice flat to start it all off?
so this chart is where im looking to find my trade setup the red line is hour trend for me to get into a long trade I WOULD LIKE 1. 1hr trend to be broken with an impulse maybe to 618 fib 2.that impulse to correct above the hour trend maybe retest trend once these two have happened i will ready to enter next chart will be the trade entry with stop location also...
so this chart is showing a channel price has been following at the moment we are at the bottom of channel we have a 3 wave correction that has broke the bottom of our previous low and is now sitting on wot i believe to be the daily trend line and now could see the reversal happen so i will post a 1hr chart to show wot im looking for to give me a trade setup
been watchimg lots of anil mangel vids which has given me a insight of how the market moves and wot r the possible moves and outcomes so ive been studing CORRECTIONS and CORRECTIVE PATTERNS which all my analisis is now based upon BIG SHOUT OUT TO MR MANGEL so this first chart is where i start my analisis always on a daily chart to give me a bigger picture as can...
Still a valid cypher as not closed passed point X 2 targets at the 318 and 618 good RR