UnknownUnicorn1540828

XRP corrective pattern completed ?

Short
Hi guys, to follow my past XRPUSD projection i just added some precision to this one. In the last post we were talking about how gonna be the shape of the correction. I looked at the 30 min chart to add precision and it seems that XRP doin an WXY combination corrective pattern. In these, we expect the price to rise after touching the Y point in which we are now. From a TA point of view the direction is the same : UP. I expect a bounce Up when/if XRP re-touch 0.224-0.225. In my futur TA XRP chart i will adjust the wave count but for now our next short term target is 0.40 to 0.50 if my wave count is good, but i will post update for yall.

WXY normally underlying a consolidation, like a car that make a stop for more fuel. But the tricky thing is is that WXY combination pattern can hide an XWXYZ pattern which is more extended. I have to say that XRP is a rough one to catch pattern but the count is here for the WXY!

recommended at : 0.20

short term target price : 0.40-0.50

short term target profit : 200-250%

take care,
Simon

Edit : the WXY pattern is hidden by my ABC count but you can still see it in green. Y point is where Point II major is.

Edit 2 : heres a link for a zoom view : hpics.li/9a588a6
Trade active:
Hi guys, it semms that XRP going for an extended WXYXZ pattern.

What we expect is a bounce up after touching the 0.228 level in maybe 6 hours. BY doing this the price target will remain the same
Comment:
ahaha XRP going bull right after my update post, lets see how it goes.
Comment:
1million in buying order in bitfinex XRP/BTC. Second attempt to 0.27 ?
Comment:
the more we climb slowly the more we consolidate the gain
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