guess it will retest the green line and fail after hitting the area between the resistance lines
* The information provided does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the content of this post as such.*
Wave 4 will be steep (0.5 to 0.618 retracement), ending at the huge resistance (red line @ $154).
After minor Wave 5 will unfold to put an end to major Wave C @ $52 (check my other idea on weekly timeframe).
As always, i can be wrong.
**this is not an investment advice**
Wave 4 will end @ 6300 where early bulls will get trapped (0.382 retracement). Note there is also a reasonable strong resistance at this point.
Wave 5 will unfold as an extension to 3300
Obviously, i am willing to change my mind. Nothing is guaranteed.
**not investment advice**
Little bounce to 0.0342 fibonacci level where we also have a resistance at which I could sell.
XRP would complete wave 5 down @ $0.06
Could be a good entry point ($0.06) if this currency survive.
** not investment advice **