cbistriceanu
Long

The new cycle is taking shape on the daily chart! EW Theory

BITFINEX:XRPUSD   XRP / U.S. Dollar
After a classic ABC corrective waves we now seem to have a first wave completing and then waiting a second. A small pull back should be expected but I would not see it going lower than $0.3850. On the daily chart of XRP\USD we have 50MA about to touch and cross the 200MA which in TA terms means is defined as a "Golden Cross". That is a very bullish sign and we should see an impulsive third wave.

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