Hello fellas, Do you remember my latest article about Ripple? when I said that a possible dejavu on ripple a few days ago. I think it can be true if we take time no later than 2nd quarter on 2020. ok, let's take it to the details below.
At the 1 week chart, we can see that the price is moving at the huge descending triangle which forms a huge ABCDE structure based on elliot wave theory. Usually when the descending triangle is forming, there will be a possible huge bearish signal. But, there is sometimes a fake out signal same here with this descending triangle. And if this descending triangle is acting as a failure descending triangle, this will repeat the pattern on 2017 when we saw a huge rally after the break out of the upper line. (see this pattern at previous analysis)
Currently the price is moving at support region of this huge descending triangle and this is the major support for ripple right now. so far, the price action is giving us a positive sign with the bounce after the price touched this region.
End of The Year target
Looking at the previous phase of this triangle, I see a similar pattern that keep repeating. The pattern of correction on B and D wave is ended on the golden pocket zone! That is why I'm very optimistic that the price will touch the $0.45 region at least.
My suggestion is, try to collect this Ripple whenever it has a correction and believe me that it will give you a really nice life reward for your retirement.
At the 1 week chart, we can see that the price is moving at the huge descending triangle which forms a huge ABCDE structure based on elliot wave theory. Usually when the descending triangle is forming, there will be a possible huge bearish signal. But, there is sometimes a fake out signal same here with this descending triangle. And if this descending triangle is acting as a failure descending triangle, this will repeat the pattern on 2017 when we saw a huge rally after the break out of the upper line. (see this pattern at previous analysis)
Currently the price is moving at support region of this huge descending triangle and this is the major support for ripple right now. so far, the price action is giving us a positive sign with the bounce after the price touched this region.
End of The Year target
Looking at the previous phase of this triangle, I see a similar pattern that keep repeating. The pattern of correction on B and D wave is ended on the golden pocket zone! That is why I'm very optimistic that the price will touch the $0.45 region at least.
My suggestion is, try to collect this Ripple whenever it has a correction and believe me that it will give you a really nice life reward for your retirement.
