Hello traders and investors,
Today we look at XRP/USD 1h timeframe. If we consider July 20th completion of intermediate wave 2 (blue), I think we are about to complete minor wave 1 (red) of a potential extended intermediate wave 3.
If this analysis will play out, the last leg (minute wave 5 of minor 1) will complete this cycle around $1.88, which is close the 0.618 line of the pitchfork line, and the recent high of $1.96 on April 14th.
Let's see what will happen
Today we look at XRP/USD 1h timeframe. If we consider July 20th completion of intermediate wave 2 (blue), I think we are about to complete minor wave 1 (red) of a potential extended intermediate wave 3.
If this analysis will play out, the last leg (minute wave 5 of minor 1) will complete this cycle around $1.88, which is close the 0.618 line of the pitchfork line, and the recent high of $1.96 on April 14th.
Let's see what will happen
Order cancelled:
Analysis needs to be amended. Wave 5 minute green was shortened than expected. Probably Minor 1 red is complete for wave 2 ABC correction.