Let's take a look at Ripple to see what fluctuations it may experience over the next month or two.
We considered the upward move in 2024 as Wave A, the following correction as Wave B, and the third rise as a terminal 5-wave structure.
The sharp downward move is considered a post-pattern terminal, and now the waves we are in are regarded as a bearish cycle, forming an expanding/diametric/symmetrical triangle.
Whatever the larger pattern is, in aggregation it seems that the price will move downward from the red zone to the short-term targets marked on the chart.
The targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
We considered the upward move in 2024 as Wave A, the following correction as Wave B, and the third rise as a terminal 5-wave structure.
The sharp downward move is considered a post-pattern terminal, and now the waves we are in are regarded as a bearish cycle, forming an expanding/diametric/symmetrical triangle.
Whatever the larger pattern is, in aggregation it seems that the price will move downward from the red zone to the short-term targets marked on the chart.
The targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade ativo
When the price reached the red supply level we marked, it rejected by 22%, and both thefirst and second targets were hit
The levels we identify are crucial and significant
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.