Ripple can break support line and then bounce down

Hello traders, I want share with you my opinion about Ripple. By observing the chart we can see how price, after broke support level which coincide with support area, declined below them, but at short time Ripple bounced back. Then price rose a little higher of support level, but soon made correction and then bounced up higher of resistance level which coincide with seller zone, thereby reaching 1st mark of Elliott wave (0.5475). Then price made correction to 2nd mark (0.4860), and soon made upward impulse to 3rd mark (0.5420), which is located a little higher of seller zone. After these movements, Gold fell to 4th mark (0.4710) and a few time later bounced up to 5th mark (0.5660), thereby breaking resistance level and seller zone again. But recently, price made strong downward impulse to support level, which coincide with support line. Then Gold rose to resistance level and started to decline near to resistance line. At the moment price trades close support line and I think it can grow to resistance line and then bounce down, breaking support line. As well maybe, Gold can make a retest and continue to decline. For this case, I set up my target at 0.4560 support level. Please share this idea with your friends and click Boost 🚀