alikze

#XRP Completing the 4th correction wave

Long
alikze Updated   
BINANCE:XRPUSDT   XRP / TetherUS
Range trading range... Above the range trading range, because there is heavy resistance, one or more powerful candles are needed for the path.
However, there is a correction in wave 4 that can break wave 5 of the resistance zone.
The range of 55 cents should be considered invalidity of the analysis.
Comment:
In daily time, according to the latest analysis of wave 4, a complex correction has taken place. What can be seen is that there is probably another corrective last leg to start a rally. Therefore, if this correction takes place in a flat form, it can go up to 0.38 fibo, and if the correction is lower in the form of a log, it can continue up to 0.23 fibo and then enter the rising wave 3 or C. After completion, I will update it in a separate post.
The drawing lines are currently drawn for correction and after completion, the size of its movement can be checked.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.