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wjsharples1
Jan 7, 2018 2:09 PM

RIPPLE BUY OPPORTUNITY Long

XRP / US DollarPoloniex

Description

Reasons to buy

- Price broken descending trendline and broken out of the triangulating bullish pattern
- Price filled the 0.6 fib retracement
- 5th Elliott Wave expected
- Price squeeze indicating volatile move soon

Targets set at 1.6 & 2 Fib extension, proven to be very accurate in the past
Comments
jackjamesholmes
I like the idea, I think that the only issue is the wave count, as the top seems to have turned out to be wave 5, therefore the much bigger correction. Hoping the next impulse is a bullish one or it'll cost me!
wjsharples1
@jackjamesholmes, Ye, got this one terrible wrong lol. Hopefully support at 1.5 holds
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