HyperionAllied
Short

XRP/USD Correction may not be over but bottom likely in

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
Looking at the bigger picture of XRP we have almost certainty finished our full Elliot wave super cycle but the question is have we completed the correction? I am on the fence but after a local impulse wave failure at $1.22 I am leaning towards further correction. If this is the correct scenario we will see a final wave C down but I do not think we will get a lower low or a double bottom due to the yellow trend line . The intersection of the trend line and the 0.786 fib should create a lot of support which is why I don't see a lower low likely especially if BTC 5.18% continues to uptrend. We also have the lower degree wave 1 top within pink support region further adding to it's strength. Taking these levels into consideration we should see a massive bounce off them to kick off our 2018 bull run which will be wave 3 in a grand super cycle and remember wave 3 is often the strongest and never the shortest (meaning this could be a bigger bull run than 2017).

Thoughts and comments are appreciated and be sure to like and follow if you want to follow this trade.

* This is not financial advice*
Comment: Hi guys, with BTC rallying and about to break above its downtrend channel there has been virtually no response from XRP which reaffirms we are likely to correct.
Trade active: We have the correct scenario, if you shorted well done, if not we can ladder in buys between $1.00-$0.80. Major supports are $1.00 and $0.80. Trade safe.
Trade active: Analysis of the local impulse wave shows the golden pocket is right on the $0.80 mark so we should get a strong bounce off there if we get to that level.

Trade active: We will reach the 90 cent area soon and likely find some sup8plrt if btc goes down to 9k we will find ourselves at our 80 cent buy zone
Trade active: Target reached next stop $0.80. I believe we will get there when BTC dips to 9k before we get a bounce. Trade safe
a real possibility;
+1 Reply
@volkergu, Seem very likely now with no XRP rally with BTC's.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out