In our last Ripple analysis, we managed to catch the recent short back down to the 0.50 level. We were anticipating a bounce but the entire crypto market took a massive dump, which forced us to step back and reanalyse.
We can now see the Flat Correction 3-3-5 much more clearly. We are now on the C wave which is made up of 5 subwaves. We are waiting for subwave 4 to be formed and then one final drop to around the 0.10 level before moving higher for the next bull run.
Trade Idea: - Watch for one more drop for the 5th subwave - Anticipating 5th wave to complete around the -0.27 level which is 0.10 - Once bullish price action appears around there, enter with stops below the lowest lows - Targets: 1, 2, HODL the rest. Could be an enormous move!
What do you guys think? Leave your thoughts below!