Ripple - Quick Analysis on XRP | 21/04
Here's a quick analysis on Ripple. let me know your thoughts in the comments section!
Wave (I I I) has already extended x2.618 of wave I which is typical for the third waves.(Third waves are often the longest and never the shortest)
As illustrated on the chart, wave II has only retraced to 0.382 Fibonacci level. This causes that perhaps wave (I I I) retrace to higher Fib levels.(0.618 and 0.786)
Targets:
0.82 $
0.79 - 0.80 $
0.75 $
~~~~~~~~~
Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
Wave (I I I) has already extended x2.618 of wave I which is typical for the third waves.(Third waves are often the longest and never the shortest)
As illustrated on the chart, wave II has only retraced to 0.382 Fibonacci level. This causes that perhaps wave (I I I) retrace to higher Fib levels.(0.618 and 0.786)
Targets:
0.82 $
0.79 - 0.80 $
0.75 $
~~~~~~~~~
Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
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