as I have already written in an older analysis (please check link below), xrp is going down for a final sell-off. The one-million-dollar-question is: how long will it last and how deep will xrp crashing down? From an Elliott-wave-perspective there is a key level (yellow box in the green box). The region around 0.24 and especially 0.22/0.21 would be a perfect turning point…
…BUT: on the other hand, this region is the last chance for the bulls to make it. If they fail at 0.22/0.21 there will be blood, a lot of blood, because the next significant supporting zones are: 0.16, 0.12, 0.09 and 0.07.
Anyone who is not invested yet (including me): maybe xrp will give us a present. From this perspective, courses around 0.16 and deeper would be a present for us, because we get cheaper in and the potential on the upside is the same, so… actually, one should even hope that xrp will go down…
From now on, we should keep an eye on it closely. More updates will follow…
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Really nice idea and comment, bro! I also really liked Dude's idea on Bitcoin today. You should check it out and see what you think!
HK-Capital-Management
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@NickHalden,
Nice idea, but I think BTC will also go down for a final sell-off. I will post an update soon...
Apeioum
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I believe your elliot counting is not correct and the wave 2 is not proper compare to wave 4
HK-Capital-Management
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@Amirshad,
Sorry, I do not understand what you mean. I see a wave iv (trinagle) and a wave v of 2 in the chart above. Which wave 4 and 2 do you mean? And what kind of comparison between wave 2 and 4 is your case? I would be very happy about more precise information.