XRPUSD: huge breakout, bullish movement (3rd wave EWT) expected
IDEA:
We see descending triangle pattern and also we know that the market is in the 2nd grand wave according to Elliot Wave Theory.
It means, that most probably after descending triangle pattern breakout we can expect a support test and then big bullish movement (3rd grand wave according to Elliot Wave Theory) marked with the yellow arrow on the chart.
This breakout will happen when we will see low RSI testing 30% level several times, in the best scenario there will be bullish divergence on the RSI .
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We see descending triangle pattern and also we know that the market is in the 2nd grand wave according to Elliot Wave Theory.
It means, that most probably after descending triangle pattern breakout we can expect a support test and then big bullish movement (3rd grand wave according to Elliot Wave Theory) marked with the yellow arrow on the chart.
This breakout will happen when we will see low RSI testing 30% level several times, in the best scenario there will be bullish divergence on the RSI .
NOTE FROM THE TEAM: We are from Ukraine and we support Ukraine, democracy and we are against war and terrorism.
SUPPORT: Hope you like our ideas and will subscribe to our profile here to support us and to get notified about our new ideas. Have a nice day and talk to you soon!
