UnknownUnicorn3397093

Ripple/ USD Daily Analysis

BITFINEX:XRPUSD   瑞波幣
We have a double combination with a zigzag as the y-wave. It also seems to be creating a descending wedge which is going to be Bullish after the e-wave of wedge is completed. Base on Elliott wave 2th wave can't retrace more than beginning of the 1st wave ( 0.25170) so I assume that we have a wedge with a uncompleted e-wave. we have another possible trend line ( green line) that could be the end of the e-wave ( for wedge) or (c)-wave ( for zigzag).

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