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Elliottwavecorrection

Ripple still can go higher!Ripple is already the third largest cryptocurrency in the world. It is a technology that allows much cheaper interbank transactions. In just 7 days, Rripple grew by almost 60 percent. Where does this change come from? Ripple is a technology for bank settlements and financial institutions that allows interaction without a central control center and intermediaries. - This allows them to cut costs as much as possible, which is in a sense a revolution for this sector - explains Brian Evans, head of consulting company BDE Ventures and man No. 7 on the list of the largest market influencers according to "Forbes". At the moment when the transaction parties operate in different currencies, Ripple can also perform a settlement function in the form of a Ripple token (XRP). Ripple's market capitalization grew from 15 billion to over 60 billion dollars. in just three weeks. Where did such increases come from? Several industry reports contributed to this. First of all, according to several sources, virtual tokens are to be added to the Coinbase offer - the largest cryptocurrency platform in the US. This may help in popularizing Ripple, although at the moment the Coinbase exchange has not yet confirmed these reports. Secondly, several large banks in Japan and South Korea recently carried out tests related to the payment using Ripple. TECHNICAL ANALYSIS: The price of the Ripple XRPUSD cryptocurrency started like a rocket from level 1.0000 and so far no reason for the upward trend to be reversed. Wave 3 pulse reached the level of 161% Fibo, which is a typical range for this wave, and falls on the level of 1.65. For smaller, internal subwaves, successive target levels are 1.75 - 1.84, however, they will be achieved after wave 4 correction, which may go down to 1.35 before the upward trend continues. Weekly time frame Elliott Waves Analysis: Main trend: UP Intermediate trend: UP Daily trend: UP/ NEUTRAL (correction pending) Key levels: - for further gains - the level of $ 1.65 and later $ 1.75. - for a continuation of the correction - the level of $ 1.35 and later $ 1.25 - for the continuation of decreases - the level of $ 1.25 and later $ 0.70 PS: Follow me please! :) PPS: The next analysis of the Ripple cryptocurrencies will be published if this post receives a min. 50 likes. :) Good luck! :)
BITSTAMP:XRPUSDLong
by sebastian.seliga.7
62
Bitcoin - Triangle correction time?The price of the most popular Bitcoin cryptocurrency rebounded after a fall from last week to the level of $ 16, 416. This level is 61% of the retracement of Fibo of the previous downturn, marked on the chart as A? Wave. IF the correction of the fourth wave (4) will develop in the form of the ABCDE triangle, then a few sub-waves have to be completed to finish the correction. The goal for the wave (5) is still min. $25k, according to the previous analysis, on which I presented projections of the ranges of individual waves. What do you think? Will there be new heights?
BITSTAMP:BTCUSDLong
by sebastian.seliga.7
5
ES Mid -Term Correction in Play? S+P 500 DownWe have two pretty good EW Counts - A complete eight cycle, followed by a another five wave impulse, meaning we could be looking at the start of at least a short correction Wave 8. Priced touched the 200% fib extension off the last high. Of course we all know we are at an all time high where we have bearish Tweezer Tops and Doji, and also bears divergence with Stochastic rolling over and signal cross low. A retrace to the 38.2 fib - would have the gap completely filled around 2681, for a first target. After that it may very well start back up or you can hold for a bigger wave A down. What ya think ?
CME_MINI:ESH2018Short
by AuthenticTrader
XLMBTC - Completion of a Corrective SetWild week for XLM - seeing a boom in volume, nearly doubling in price over the past 7 days, and grinding through a mass sell-off as BTC shoots through the roof - settling at a new floor around 800-900 sat. Even with this recent drop, the mean is still rising steadily. Taking a look at the chart, we can see what looks like Elliott Correction after the spike in price, and the completion of Wave 2 today. The pink dotted line being the long term trend, I see Wave 3 taking us up to 1150, Wave 4 bringing us back down around the 1000 sat mark, and finally reaching back up to 1400 with the completion of Wave 5. XLM is creeping along, creating new floors out of previous ceilings. This will be a fun one to watch in 2018.
XLong
by epaka
BTCUSD - Elliott Correction to the MeanI know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion. Peaking out in a $16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster. They've kicked in the door in and sprinted into the room - but, first man in the room gets shot. Long term, this isn't going to last. RSI is maxed out. Squeeze is peaked. Everything is primed for a rough crash. BTC 13.55% to drop down to the $11K range due to initial panic, a Bull Trap at $14K leads to a pull down to the long term support line at $10K.
BITSTAMP:BTCUSDShort
by epaka
12
EURUSD Short , 2 possible entriesAs the preceding uptrend may have been completed and we are on the correction phase of Elliot waves , the correction has almost shaped a flat which also confirms the shaping double top considering the decreasing volume in the second peak however the double top has not been confirmed yet. Entry 1 : first short position can be entered based on the completion of the Elliot flat correction ABC and also the decreasing volume that suggests a double top is forming. The target for this Entry would be right above the blue support line. Entry 2: the more appealing entry however is a clean (1% and 2 close prices) of the blue support line which confirms the shape of the flat and also confirms the happening of double top which is a Reversal pattern for the preceding trend (12345 Elliot impulse). The order entry would be a sell stop on the clean break of the blue line; stop loss would be the clean violation of the blue support line (turned into resistance after clean break) and profit targets would be the leg of the double top (around the start of wave 1 on preceding Elliot impulse). please give me your feedbacks :) thanks.
Short
by AliAnari
LTCUSD - "See What I Cee"Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up . IF AB=CD then we have External AB=BC at 61.8% AND.. Another larger external AB=BC at 61.8%. If we go higher than 56.4 we lose all the C's from lining up! Remember that when cycles within cycles are lining up in fib. retracement, they become more powerful predictors.
COINBASE:LTCUSDShort
by jwburnum