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thats_me
Apr 21, 2018 12:37 AM

Ripple - Quick Analysis on XRP | 21/04 Short

XRP / DollarBitfinex

Description

Here's a quick analysis on Ripple. let me know your thoughts in the comments section!

Wave (I I I) has already extended x2.618 of wave I which is typical for the third waves.(Third waves are often the longest and never the shortest)
As illustrated on the chart, wave II has only retraced to 0.382 Fibonacci level. This causes that perhaps wave (I I I) retrace to higher Fib levels.(0.618 and 0.786)

Targets:

0.82 $
0.79 - 0.80 $
0.75 $


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uk.tradingview.com/script/KQk2EFDX-Fibonacci-Exponential-Moving-Averages-EMA/

author : R.N behind_crypto
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