'XRP 'Ripple USD Chart Elliot Wave analysis. 2nd wave correction seems to finish soon. It made a nice A-E contracting elliot wave triangle. Target at 1.618 fib extension.
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Gotta love 'XRP 'Ripple after the last move. Been trading sideways for a long time (in crypto terms), but has finaly lived up to his promise. An astonishing 400% gain since my last post!
Taking the overall current upwarm momentum into consideration, we might see levels around the 2.618 fib extension of wave 1, before correcting hard and swift in wave 4.
Gotta love 'XRP 'Ripple after the last move. Been trading sideways for a long time (in crypto terms), but has finaly lived up to his promise.
An astonishing 400% gain since my last post!
Taking the overall current upwarm momentum into consideration, we might see levels around the 2.618 fib extension of wave 1, before correcting hard and swift in wave 4.
Be prepared and trade smart!
Jefe
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Hi! What's the logic behind the straight ride from E to 3? It's one hell of a leap without any obstacles.
Wesley_M
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Hi @fakhan,
There are no straight rides unfortunately. According to Elliot Wave analysis every wave consists of waves at a Lower degree. Some call them fractals. The current pattern indicates that we may see the start of wave 3 soon.
Jefe
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@WesleyMess, Thanks for clearing that up.
Wesley_M
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@fakhan, I hope you are enjoying your gains on XRP? :)
Jefe
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@WesleyMess, I enjoyed my gains and closed some positions that I had opened at higher prices. I had to get out early because this kind of growth normally doesn't work for Ripple. Besides this is just too naked. A big spike in a matter of hours without any news? I mean what has changed? Am I to believe investor interest grew overnight? This is clear manipulation so I think it will come down hard. However, it's a healthy sign that XRP now has a new ATH. I'll be sure to add more positions when it falls. What do you think?
WizardOfRealms
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@fakhan, Loved the question as I was wondering the same thing!
An astonishing 400% gain since my last post!
Taking the overall current upwarm momentum into consideration, we might see levels around the 2.618 fib extension of wave 1, before correcting hard and swift in wave 4.
Be prepared and trade smart!