80% Dip In Play for Ripple
Without finding support above $1.11, expect a 80% drop in Ripple's current price. While I misjudged the final massive pump, the fact that Wave 4 breached Wave 1 yet remains a fact. Consider the current market structure as Leading Diagonal formation (still).
Typically within Leading Diagonals, after Wave 5 completes, the bearish correction returns for a diabolical test within Wave 1's territory. The most supportive price within Wave 1 lies between 0.14 and 0.18 cents.
Currently we are witnessing nothing more than a pump and dump. Not blaming the whales for this, nor giving them credit, as I'm frankly not a believer but its safe to classify the tail end of a Leading Diagonal as 'pump and dump' because that's exactly what happens, every time.
This drop could take anywhere from 45-90 days. Line up your positions now.
Typically within Leading Diagonals, after Wave 5 completes, the bearish correction returns for a diabolical test within Wave 1's territory. The most supportive price within Wave 1 lies between 0.14 and 0.18 cents.
Currently we are witnessing nothing more than a pump and dump. Not blaming the whales for this, nor giving them credit, as I'm frankly not a believer but its safe to classify the tail end of a Leading Diagonal as 'pump and dump' because that's exactly what happens, every time.
This drop could take anywhere from 45-90 days. Line up your positions now.
Join me on the waves, where its safe. discord.gg/QRPx6ShxMt
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.