Ripple - The Triangle pattern is completing Long

XRP / U.S. dollarBitstamp

Description

⋅ Dec 10, 2020 10:52 AM

There is no doubt of the uptrend formation for this currency, the initial target will be around $ 1.50. Currently the price is forming a Triangle in wave iv from point 3. The uptrend will begin, by the completion of this pattern.

Comments

gz1968

⋅ Dec 10, 2020 1:13 PM

Nice Elliot wave work. How are you getting $1.5 I'm expecting $1.9 to $2.4

ProficientForex

⋅ Dec 10, 2020 1:27 PM

@gz1968,
Thanks for your comment and analysis , I reached targets through Fibonacci Expansion