Finally came up with an idea explaining this whole correction; if we assume that we are correcting from wave 1, then a 0.5 and 0.618 retracement has the highest probability; so far we haven't been reaching a 0.5 retracement; now ; if we had a double zigzag that would work; on the first abc, the c wave is a perfect 1:1 extension of wave a; if I apply the same to second abc, we hit spot on the 0.5 retracement;
Note
looks like Ripple likes 0.618/0.65 more; last data points suggest that we have another leg down; hopefully only to the next level which is around 0.75 USD
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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.