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**Boosts help SEOVEREIGN continue analyzing more assets.
**Our team regularly publishes in-depth reports on the cryptocurrency market.
XRP has been showing a steady upward trend after establishing support near the 2.04 level.
The current chart structure is interpreted as part of a B-wave correction phase, which may serve as a foundation for a potential medium-term bullish reversal.
A detailed wave count has been marked in the idea for further reference.
Projected target levels are as follows:
First target: 2.1665
Second target: 2.2478
Third target: 2.2751
In the short term, a double bottom formation has been identified, and a sustained rebound is likely to unfold from this support structure.
This setup provides a strong basis for defining key levels within the medium-term bullish scenario, and offers valuable signals for anticipating the next wave progression.
**Boosts help SEOVEREIGN continue analyzing more assets.
**Our team regularly publishes in-depth reports on the cryptocurrency market.
XRP has been showing a steady upward trend after establishing support near the 2.04 level.
The current chart structure is interpreted as part of a B-wave correction phase, which may serve as a foundation for a potential medium-term bullish reversal.
A detailed wave count has been marked in the idea for further reference.
Projected target levels are as follows:
First target: 2.1665
Second target: 2.2478
Third target: 2.2751
In the short term, a double bottom formation has been identified, and a sustained rebound is likely to unfold from this support structure.
This setup provides a strong basis for defining key levels within the medium-term bullish scenario, and offers valuable signals for anticipating the next wave progression.
Trade active
all tp hit!!!!
Trade closed: target reached
[Analysis]We’ll start counting from the pivot formed around 1.92 USDT.
The length of wave 5 is about 50% of the combined length of waves 1 through 3.
This proportion aligns with guidelines found in Glenn Neely's interpretation of Elliott Wave Theory.
So, the 1 through 5 wave count looks valid.
Now, let’s move on to count the three-wave correction that follows.
The wave count is shown in the chart.
Let’s focus on wave (c), which clearly respects Fibonacci ratios.
The 5th sub-wave of wave c is 1.618 times the length of its 1st sub-wave.
So, wave c looks valid.
Waves (a) and (b) also follow typical structures — wave (a) appears as a standard 3-wave move, while wave (b) includes a triangle correction in the middle.
Since wave b is upward-moving, this would be a good spot to go long.
To find a precise long entry, let’s monitor the chart and look for a harmonic pattern.
Here, you can spot an ALT BAT pattern forming.
In this pattern, point B typically retraces 38.2%, and point D extends to around 1.13.
Our team entered the first long position at this point.
However, the market pushed one more leg down.
As long as it didn’t break below the previously counted wave A, the setup was still intact — just a bad entry, not a broken count.
Sure enough, it failed to break below wave A, and wave B began forming to the upside.
We extended our D point projection and entered a second long position.
The result? A strong upward move and solid profits.
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🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
Disclaimer
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🌐서버린 공식 pc웹
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
Disclaimer
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.