XRP : Could it be the C wave of an 12345ABC?
Updated
I believe we are ending the C wave from an 12345ABC that started in April 2017.
The red arrows represent the supports for the trend lines forming triangles. The break outs started at the end of the Apex A and B.
In A, we can recognize that the break out happened to form the 3rd wave. It started at the end of the Apex, which was formed from the supports in August and October 2016 (the hodlers) and the resistance trend-lines in Mars 2015.
In B, the same logic but formed the 5th wave (Please, follow the red arrows).
The break would happen between $0,40 and $0,55 at the beginning of April as the bearish force will start to decline due to long resistance support and confirmation of the end of the C wave.
Moreover, the last fractal is shaped from the old support trend line from the 1st wave and should finish at the end of the old support of the second wave.
This is not a trading advice but only my opinion. Remember that I am not a professional :-)
Good luck everyone!
The red arrows represent the supports for the trend lines forming triangles. The break outs started at the end of the Apex A and B.
In A, we can recognize that the break out happened to form the 3rd wave. It started at the end of the Apex, which was formed from the supports in August and October 2016 (the hodlers) and the resistance trend-lines in Mars 2015.
In B, the same logic but formed the 5th wave (Please, follow the red arrows).
The break would happen between $0,40 and $0,55 at the beginning of April as the bearish force will start to decline due to long resistance support and confirmation of the end of the C wave.
Moreover, the last fractal is shaped from the old support trend line from the 1st wave and should finish at the end of the old support of the second wave.
This is not a trading advice but only my opinion. Remember that I am not a professional :-)
Good luck everyone!
Order cancelled
Order cancelled
Sorry for my ignorance at this stage - I was very new in technical analysis.
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