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renemtz
Nov 29, 2020 3:18 AM

XRP Elliot Waves (Part 2) Long

XRP / U.S. dollarBitstamp

Description

trying to findout 5 waves of WAVE 3, following same rules as in Part 1, except for WAVE 5....If wave 5 is extended -wave 3 needs to be longer than wave 1, otherwise Elliott Wave count is wrong.

Other option is that WAVE 3 would be of an extension of 2.618 instead of 1.618...

I guess we'll find out soon
Comments
bossmodetrader
Shouldn’t there be an ABC correction on the drops?
renemtz
@bossmodetrader, Yes, I assumed ABC correction is complete and that $0.45 is the bottom (A=$0.56, B = $0.75, C= $0.45).
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