🚩Ripple: bullish triangle.
●● Preferred count
● XRP / U.S. Dollar (BITSTAMP), 🕐TF: 1D
Fig.1
The formation of a triangle within the intermediate wave (X) continues. The idea was proposed at the top of wave B, in September 2021. At the moment, sub-waves A, B and C have been formed, then a zigzag develops in the sub-wave D of (X).
____________________________________
● XRP / U.S. Dollar (BITSTAMP), 🕐TF: 10h
Fig.2
Based on the guideline of alternation of waves "A" and "C" in a zigzag, it is expected that the sub-wave ⓒ of D will take the form of an impulse or a ending contracting diagonal.
The target for wave D is the level 0.87900, upon reaching which the sub-wave ⓒ will reach 161.8% of ⓐ.
____________________________________
●● Alternative count
● XRP / U.S. Dollar (BITSTAMP), 🕐TF: 1D
Fig.3
The basic alternative wave counting has not changed. It is possible to hold a part of a long position based on the implementation of this wave marking.
______________________________________________
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
● XRP / U.S. Dollar (BITSTAMP), 🕐TF: 1D
Fig.1
The formation of a triangle within the intermediate wave (X) continues. The idea was proposed at the top of wave B, in September 2021. At the moment, sub-waves A, B and C have been formed, then a zigzag develops in the sub-wave D of (X).
____________________________________
● XRP / U.S. Dollar (BITSTAMP), 🕐TF: 10h
Fig.2
Based on the guideline of alternation of waves "A" and "C" in a zigzag, it is expected that the sub-wave ⓒ of D will take the form of an impulse or a ending contracting diagonal.
The target for wave D is the level 0.87900, upon reaching which the sub-wave ⓒ will reach 161.8% of ⓐ.
____________________________________
●● Alternative count
● XRP / U.S. Dollar (BITSTAMP), 🕐TF: 1D
Fig.3
The basic alternative wave counting has not changed. It is possible to hold a part of a long position based on the implementation of this wave marking.
______________________________________________
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
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