MY idea on XRP/USD is that it MAY do a downward pointing triangle pattern to complete the correction it is currently in. IT could be done with just an ABC correction but I feel as if and ABCDE may better suit this correction. I mapped out the old Elliott wave impulse in WHITE numbers. As you can see it stayed in the trend until it finished its mission... getting the wave 5.
Now the correction is taking place and as an elliotician the best thing to do is create multiple scenerios and if something happens you will not be surprised because you knew it was a possibility already.
SO, getting back to the correction if I am right it will be a ABCDE ( ORANGE) and this will take the prices to around the FIB .618 ratio which also lines up right at prior wave 4... This is no accident. Everything works together.
After its done correcting we should see some bullish price actions!
Please do not forget to like and follow.
Lets see what happens TMW!
評論
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Hey everyone I made a update to this chart earlier today. I am so sorry for not update this thread :( You can check it out here
Its an updated look at XRP that seems to be working pretty well.
Let me know what you think!
評論
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Click The Picture to go to the full view and read the description to understand exactly whats going on with XRP
Lets hope...don´t have much trust in Ripple these days
Cryptosuf
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@peterhaahrschmidt, lol I know man, but this correction is showing signs of turning upwards very soon. Lets wait and see
Lex0924
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@Cryptosuf, I got in a little late around the 1.80 mark. If it explodes to a new ATH, is that a sell time and wait for a correction. I'm a noobie to this and just would like to regain more coins with the buy/sell method.
Cryptosuf
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@Lex0924, it can break an ATH and continue very far up so I cant say for sure at this point. ALL I know is should go up very soon and that I will be coming up with an update maybe tmw or 2 days from now about where it may be heading :)
Lex0924
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@Cryptosuf, I'm holding on to hear life lol... if it hits a new ath, will u update with bearish movement after. I see xrp as a long hold but I need to accumulate more somehow. Buy low, sell high lol...
Lex0924
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@Cryptosuf, I had to share this... someone else shared it will me... doesn't look good...