For the full context, see my earlier post in how I count the elliot waves of xrp on the weekly timeframe.
Based on that count, this is the most probable elliot wave count on the daily timeframe.
There is a clear invalidation sitting at 2.33
Other scenario?
For a bearish scenario it would have to take out the start of the first wave 1 sitting at 2.19 which would make this current setup invalid and have to wait for more clarity.
Share your opinion! Peace!
Based on that count, this is the most probable elliot wave count on the daily timeframe.
There is a clear invalidation sitting at 2.33
Other scenario?
For a bearish scenario it would have to take out the start of the first wave 1 sitting at 2.19 which would make this current setup invalid and have to wait for more clarity.
Share your opinion! Peace!
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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.