Let's see if is stable enough for reversal point.
Never miss a chance and put some stop loss.
Target: 1.60; 1.80 - 1.85
Target 0.80-0.90 is still valid. Prepare yourself and trade with care.
We have to see some strong retrace very soon. I expect near 1.60 at a first target.
Make some profit and stay away until sign for reversal is activated.
It is possible to consolidate in triangle trend several days. Triangle ends at $ 1.00
This is needed to wake up the bulls.
It is unclear that this support is active because at that zone 0.85 is a key support zone (0.80 - 0.90).
I am still bullish and waiting for a good confirmation to add more.
I buy more ripples and wait to touch the trend line. Maybe we will see retracement first time and seccond attempt will be successed.
Breaking 1.55 - 1.60 zone is a key to reverse the trend.
If it does not happend, then ripple can consolidate in orange triangle zone for a while.
I do not expect ripple to get back to 3.20. Most likely is to stay between 1.80 - 2.00
I change it to initial one and It now looks we already touch the top of trend range.
Available space between ichimoku and top of the trend range is so tight. If ripple exit trend upside it can go higher than 1.60 and stay there with no particular retracement.
We can expect next move to the upper bound of trend @ 1.90 - 2.00 and then rebounce to 1.80-1.85
Ripple will soon break up upwards because flat bottom means suport at that level - 1.47. It seems a good support.
Don't be greedy! 1.85 - 2.00 is a good zone to sell.
I will be off after that move.
I am waiting for retracement at 1.00 — 1.25.
Will post more info later.
I am not familiar with that pattern. I learn for it here on trading view. At this stage I cannot rely on it.