Hello everyone,
Do you remember my last xrp-analysis with the green circle in the chart (please check link below)? I placed this green circle expecting that this is a key point for a perfect turn around. xrp has done it exactly like this. Higher precision is impossible, I think.
Where we are standing?
After a perfect reversal in my green trading box (and especially in my green circle), xrp now is building an impulsive uptrend. I suppose that we are in wave 3 of a lower wave degree, so maybe there’s another chance waiting for us – wave 4. But that’s a maybe, because there is more than one scenario we should keep an eye on…
Scenario 1 (blue line // 45% chance)
The low at 0.2450 is the end of the huge correction coming from all-time-high (wave 2, purple in square brackets). Since then xrp is building an impulsive 5-wave-pattern on lower wave degrees. Now, we are in wave 3 (green), followed by wave 4. Expected target of wave 4 is the yellow circle in the chart. This may be another entry point for all of you being late…
…unless scenario 2 applies…
Scenario 2 (grey line // 45% chance)
Only god knows if scenario 1 is more likely than scenario 2, so I prefer to give both the same chance (sorry, but I do not have a glass sphere).
In this scenario xrp completes wave 1 of higher wave degree (maybe in the next hours) and is going down again to complete wave 2 (yellow circle). This might be the best scenario one could imagine, because if so, we get in again deeper, but the result on the upside is the same.
Scenario 3 (red lines)
This scenario stays on the chart until we have not crossed the sore point at 0.9649! This we should keep in mind carefully. If xrp fails at sore point, we will see courses around 0.21/0.24 again and even lower, as I mentioned it in my last analysis of xrp.
For now, I expect that xrp will change into a smaller corrective pattern, because it is dying a heating death at the moment (all indicators are red!).
Please note, that my yellow circles are provisionally. I will adjust them, if the market gives me reason to do so.
Please leave a comment or a message, if you have any questions!
Take care
tgo
Do you remember my last xrp-analysis with the green circle in the chart (please check link below)? I placed this green circle expecting that this is a key point for a perfect turn around. xrp has done it exactly like this. Higher precision is impossible, I think.
Where we are standing?
After a perfect reversal in my green trading box (and especially in my green circle), xrp now is building an impulsive uptrend. I suppose that we are in wave 3 of a lower wave degree, so maybe there’s another chance waiting for us – wave 4. But that’s a maybe, because there is more than one scenario we should keep an eye on…
Scenario 1 (blue line // 45% chance)
The low at 0.2450 is the end of the huge correction coming from all-time-high (wave 2, purple in square brackets). Since then xrp is building an impulsive 5-wave-pattern on lower wave degrees. Now, we are in wave 3 (green), followed by wave 4. Expected target of wave 4 is the yellow circle in the chart. This may be another entry point for all of you being late…
…unless scenario 2 applies…
Scenario 2 (grey line // 45% chance)
Only god knows if scenario 1 is more likely than scenario 2, so I prefer to give both the same chance (sorry, but I do not have a glass sphere).
In this scenario xrp completes wave 1 of higher wave degree (maybe in the next hours) and is going down again to complete wave 2 (yellow circle). This might be the best scenario one could imagine, because if so, we get in again deeper, but the result on the upside is the same.
Scenario 3 (red lines)
This scenario stays on the chart until we have not crossed the sore point at 0.9649! This we should keep in mind carefully. If xrp fails at sore point, we will see courses around 0.21/0.24 again and even lower, as I mentioned it in my last analysis of xrp.
For now, I expect that xrp will change into a smaller corrective pattern, because it is dying a heating death at the moment (all indicators are red!).
Please note, that my yellow circles are provisionally. I will adjust them, if the market gives me reason to do so.
Please leave a comment or a message, if you have any questions!
Take care
tgo
HK-Capital-Management
I think that xrp now is in a stable uptrend, and yes: I think ReadBTC is right (check comment below).
But, every market goes in waves so we have maybe two chances left to get in...
Please note, that this idea is based on the assumption that xrp will go up, if the uptrend is not stable, we will come back to .21 and deeper, but the chances for this scenario are not high at the moment. Maybe the acutal level is the best you can get in.
Take care,
tgo