XRP Wave Count and $1.10 Target

2018年4月27日

The question across all major coins are, are we done with wave 4? Based on examination of the wave counts, we have to assume we are, until the wave is failed. There is clear indication of 5 wave structures forming currently. Counting this current run within wave 4 as a B wave is invalid (due to the 5 waves). SO, the only way this correction could continue is a WXY formation, and I don't think its likely based on indicators.

Overall the ripple wave count is very very clear. I would target above the 1.618 extension due to where wave 3 ended, along with the confluence zone of the swing high in mid-March.

I expect some pullback very soon, and would not recommend going long NOW... But within the next day or two we should find a nice buy zone for the next few runs up to our target. Pretty confident in another run, BUT not guaranteed. The uptrend is basically confirmed, but it can still fail. That is an important note to keep in mind.

2018年4月27日

註釋

5 minute scale wave count. We should pull back to 80 cents at the .618 fib level

2018年4月27日

註釋

As expected.

2018年4月28日

註釋

Ripple looking good. Testing this medial line. We'll likely pullback when BTC decides to fall back a bit. But, eventually we should break that medial line.

2018年4月30日

註釋

Ripple has fallen from support and is finding a little bit of resistance from it right now. Not really a good sign. We are also falling underneath the EMAs on the 3 hour chart. If BTC breaks up, this will likely go with it. If it breaks down, then maybe not so.

2018年5月2日

註釋

Target for Ripple is still on. Nothing much has changed, other than the break of support.

2018年5月5日

註釋

RIpple is lagging in the market. Its not going to make it to $1.10