eggsarepeas

eggsarepeas Updated 

XRP looks like it's tracing out a fairly rare nested expanding leading diagonal pattern. The first expanding leading diagonal can be seen in blue. The second expanding leading diagonal can be seen in yellow. This pattern may already be complete but could also see a little more movement to the upside -- to $1.50 or so. Next up would be a fairly sizable red wave 2...

eggsarepeas

My last chart's thesis has not changed (). I called for XRP to reach ~$1.50 (when it was at $1) followed by a large retrace back down to the $0.75-$0.50 range which would set up a move toward (and beyond) the previous ATH. In this chart, I'm highlighting the only 3 times the daily RSI has closed below 30 since XRP bottomed in March 2020. The previous 2...

eggsarepeas

The most important trendline to have fallen is upper trendline of the downward channel that XRP has been in since early 2018. We broke it back in August, bounced around a little and clearly bounced off one last time before starting an ascent. Elliott Waves should be helpful in forecasting XRP's future in this bull market.

eggsarepeas

I'm looking for BTCUSD to retrace to the golden zone of 0.618 ($7231.73) to end wave (2) at which point. If that occurs, target for wave (3) should be ~$80,830

eggsarepeas Updated 

We've completed wave (i) of ((i i i)) We should expect wave (ii) to retrace to about $0.31 -- the same level as the previous wave iv before continuing higher as depicted by the blue & orange motive waves.

eggsarepeas

Assuming the latest correction wave has finally come to an end, I believe we've begun a new motive wave starting August 13. This is my current count. The actual degrees of my waves may be off... but the overall structure looks promising for more future growth.