Ripple Stuck In A Sideways Triangle

Updated

Ripple is sideways already for a long time and it follows our count (triangle into wave B) perfectly. For now it looks very clear. Even if it lost 50% since August 23, decline is still in three waves. So Ripple bounced from our pojected wave C support and we expect now three waves up into wave D back to 61,8% fibonacci retracement and 0.24-0.25 levels.

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Note

Ripple is still trading towards wave "d" as we projected in our last updates. We can clearly see three waves up into wave "a" now "c" is still missing, so threre is still room for 61,8% Fibo. retracement and 0.24-0.25 levels.

Note

Note

Ripple hit our projected target of wave "d". Be aware, upside can be limited here..

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Triangle finally completed?!? Bullish confirmation is only above 0.30 level!

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Ripple finally UP! Keep an eye on 5 waves up or break above 0.30 for bullish confirmation!

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There is a possible idea because of sharply decline is that we could see more sideways price action into wave E triangle! So, not bullish yet as long as it is beneath 0.30!

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