If we don't get a new low bellow .51 we have to assume this move up from the low of .51 is a 1-2 of its own. If that is the case we would be working on the wave 3 of a wave 3 of a wave 3. Which I would expect to be very explosive. We have a lot of confluence between the 3 fib extensions. If .51 is broken then I would eliminate the red count and would have to assume the C wave of the blue count is still alive. For now we hope for a huge momentum push up so we can be clear of the current count.
Trade closed manually:
I don't like the reaction so far to be confident in the reversal here. Not saying either way at this point. Will let the market show me first. I do believe 10k XRP is the ultimate target and you can talk market cap and call me a dreamer all you want.
Comment:
If we are going to do this count then we should go up from here.