Price is at strong buy level just now! Only some global crypto market collapse can change this right now!
Let's see does Xrp have more power in self!
Take care!!!
2175 is our main target and around 2400 is our next one but it sure not the same we will have a direct wave to there or in ending diagonal pattern!
If BTC start some deeper decline than this scenario is possible ! If BTC will make new ATH than ETH can hit 2400 soon without any deeper correction! For now BTC don't show the momentum what is needed for new ATH! Also take care about situation at S&P 500 ,big crash is in the air!
Uptrend is strong so probability to hit Double top or make a new ATH at 2400 is very high but There's two more low probability scenarios also in this game now!
I am voting for black in this case only because the invalidation level was touched and broken but Elliott waves in Crypto world often have exceptions because to many FOMO players!
Our expectation for deeper correction was erased and we have few more possibilities! Our first vision is still valid but this chart show us where this can fail! For now it looks all perfect!
It is very hard to short successfully BTC but this is a good opportunity with high risk reward ratio!
If this triangle works soon we will have a new ATH !
If The price returns inside the wedge than price can fall much deeper soon! If the price make a back-test on upper trend line just than we can get a double top or even new a ATH Good luck!
In case of T1 downside continuations is more possible than from T2! If T1 occur than it will be a sharp downside movement and that is not so bullish sigh but if HS happen and the price will slow down to the target 2 that can mean a trend continuations! Good luck and don't forget today is a Full moon :-)
The Minimal target is around fibo 61.8
If it will be than it will be a hard Job with many scalp opportunity between this levels!
One wave to the down is almost for sure!
Price was retraced to 100% level! OK Price is under BIG trend line! That is not so OK for bulls If the price will going back above the triangle that can bi a confirmation for bulls!
I think now things looks much more clear and better then the previous one even the price was going deeper! The previous one: