xrp is not in a hurry at the moment! Now we are in no mans land, and we all want a decision. I see three scenarios in the chart, we have to consider of when trading xrp.
Scenario 1 (green lines) – chance 55%
xrp has completed wave 4 (green) and will come up to complete the first important impulsive wave (wave i) at around 0.74/0.90. Then xrp is coming back to the actual price-level (wave ii). This might be a perfect entry point for us. If that happens, I will give another update for sure.
Scenario 2 (blue lines) – chance 35%
Xrp has completed wave i already at 0.76 and is now tinkering with wave ii. If so, we have to be very careful, because if xrp falls through 0.37, the chances for deeper courses are increasing rapidly! I have placed a blue circle in the chart. This is a key decision level!
Scneario 3 (red line) – chances 10%
If xrp decides to fall through the blue circle, we will see courses under 0.24/0.21 as I mentioned it in my older analysis (pleas check links below). This could be a bloodbath, or a present – it’s all about perspective and trade-management…
Please leave a comment or a message, if you have any questions!
@wonderboy111,
It is too early to give a useful comment/update here. We have to wait until the market gives us more information...
wonderboy111
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@tradingguideonline, thanks mate.. cheers
EveryChildMatt
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It’s going up, the XRP atleast 22nd OCt and 23 Oct and 24 OCt are the days when it would rally up because of Swift conference attendance by Ripple and an expected huge announcement. Focus on upcoming event for now and not chart
MaxL82
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volume going down … I guess scenario 2 or 3 is next…
There is a lot of fear in the market due to Tether and BitFinex situation. I am out of all trades for next 7-10 days.
I also pulled all of my money from exchanges and moved long term tokens to private wallets. I have very bad feeling…
HK-Capital-Management
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@MaxL82,
Thank you for your comment! We all have to think about it - absolutely right!!!