#CPIdata coming up in the next 35 mins. Expect a lot of vola | Teshkid is Crypto on Binance Square

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Teshkid is Crypto

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#CPIdata coming up in the next 35 mins. Expect a lot of volatility in the market. This will decided the next market direction. BE CAUTIOUS #dyor

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$XRP has seen a massive breakout after a break out of a bull flag we had been trading within. Targets for the breakout lie at $4.7 which is yet to be hit. Since we cannot just see straight move to that target, in case of a pullback now pay attention to the area between $2.645 -$2.2107. In the case of a retrace that area needs to hold and give us a bounce back to full hit our target at $4.7. On loosing that area then we might get an invalidation of that whole structure to upside.

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$VET is breaking down!! Breakdown targets lie between $0.04900- $0.04390. This area should act as support for a bounce to play out. On loosing this support zone expect a total breakdown move to give a reset of the lows made at $0.0408.

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$GALA is breaking down in an Elliot wave 2 after an aggressive rally in an Elliot wave 1 from the lows we made at $0.03034. Targets for the wave 2 lie between $0.03636 -$0.03292. This area should hold as support and give us a bounce back in wave 3. On loosing this area expect a breakdown move to $0.03034 to give us a reset of those lows.

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$POL is breaking down in an Elliot wave 2 after a rally from the lows made at $0.4099, where we topped in a 5 wave structure completing a larger wave 1. Targets for the wave 2 lie between $0.4635 -$0.4327. This area should also act as support. On holding within the area expect a bounce back in an Elliot wave 3.

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$ADA is breaking down after an aggressive rally that has topped above $1.16. This played out after a breakdown move to $0.87. My breakdown targets for the next coming hours lie between $1.02 -$0.9382. This area should also act as support and give us a reversal to the upside. On breaking this area to the lower side the watch out for a reset of the lows made at $0.87.

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