🫥 Price showed early signs of recovery but as expected has pulled back one more time.
➡️ At this point market makers will start another manipulation phase to play with buyers and gather enough liquidity before allowing price to enter distribution phase again.
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🟡 This AMD pattern makes more sence when you add more technical ideas such as the descending trendline + (abc) pattern to chart.
🟡Since price needs proper break above the descending trendline to confirm end of manipulation phase, wait for proper breakout and then plan your trades in pullback with proper risk.
🟡 The recent impulsive wave (c) rally appears to have completed, with price now developing a corrective structure that could extend into wave (d).
🟡 A deeper retracement toward the marked support zone could set the stage for another bullish move as wave (e) before the broader structure reveals itself. 📈
🟡 After a prolonged Accumulation and Manipulation phase, #XRP has broken out of its descending trendline and shown a strong shift in market structure.
🟡 The marked buy zone could offer a potential pullback opportunity before the next distribution phase continues, with the broader structure pointing toward a possible continuation of the bullish trend. 🚀
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🟡 Seems price was just buying time to fulfill a triangle correctional pattern with the exit move developing into an (abc) correction.
🟡While the highlighted sell zone offers a potential area to watch, we have to wait for a confirmed break below the trendline and plan our trades in retracement.
🟡 The long accumulation structure appears to be moving into its markup phase, with the recent LPS followed by a Sign of Strength (SOS) showing demand taking control.
🟡 A pullback to the highlighted buy zone and holding it would strengthen the bullish setup and leave room for a larger expansion toward the next major resistance zones.
🟡After the Accumulation phase, price is now ranging within a Manipulation phase, where the market may continue exhausting early buyers before the next directional move.
🟡 Once the manipulation is complete and price breaks free from the range going lower, retracements could provide potential selling opportunities as the market transitions into the Distribution phase.
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