Hello Guys, this is my technical analysis of ripple/usd using only Elliot Waves theories, though not so advance, but I hope it can give you some inspiration and maybe a bit fortune.
As you can see, I assume 14 Aug '18 is the lowest price at .24646 then we can start count wave 1 as an impulse wave ending at 0.80000 usd. Next comes the correction wave 2 consisting three waves of a-b-c, the wave c ends at 0.27751 on 15 Dec '18 forming complete zigzag pattern. So this will conclude that we are in the formation of wave 3, next we'll try to focus on the components of wave 3. Dissecting wave 3, there will be wave i-ii-iii-iv-v. Wave i is already done and now we are in the middle of completing wave ii.
So is it worth risking? I myself would say yes for long position, because knowing it will continue in wave iii, basically give us an information that the chart is preparing to continue the upward movement no matter how long the preparation is, I may also say that the position now have good risk-reward ratio, let say risk at .24646 and reward at .8000 is pretty low risk. The fib numbers is also there to help the prediction price, as you can see, now the chart coincides the range 0.236 ratio, this can be a good sign of reversal.
So it is pretty safe for longer term i guess. That's pretty much all of my idea, feel free to response, critic, and correct. Thank you very much, cheeeerssss!!