XRP-Breakout with Ghost FeedWarning-This chart is derived with a ghost feed that attempts to predict movements and timing into the future with elliot movements.
This chart provides a prediction model based on historical data that may not represent future price action. No one can predict the future!
Three Cup Formation Strategy
1) Little Cup (#1) is forming now with a closing at the fib .618 at 1.20ish range. Prompt Date ( usually less than 5 days).
Small handle must form with retracement to .95 and act as support for handle.
2) Cup #2 shows a closing formation at 1,59 ish price point circa 3/29/2018 with handle support at 1.06.
3) Last cup (#3) formation closes at 2.04 although not drawn handle support is expected at 1.65 circa 4/22/2018.
If and only if,cup three forms, then expect a fourth cup to form with a closure at 2.75, handles to form at fib levels.
All Cups rely upon the XRP down trend patterns as a base left hand formation.
This modeling also shows XRP may make break the short consolidated period and move to an uptrend soon.
This is a daily chart.
