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Wave3

Ripple (XRP) Analysis: Understanding the Potential MovesRipple (XRP) has acquired significant attention from traders and investors recently, and it currently sits at a crucial point in its price action. I will analyze Ripple's recent performance and potential future scenarios from an Elliott Wave perspective. Additionally, I will discuss some of the factors that may influence Ripple's price, as well as its relationship with Bitcoin Dominance. Recent Price Action and Elliott Wave Analysis Ripple has experienced a strong move up to the resistance level of 56 cents, reminiscent of the spike in September 2022. This time, however, Ripple has managed to push slightly higher, reaching a current high of 58 cents. From an Elliott Wave perspective, it appears that we have completed a wave 3 at this high. Extended Wave 3 and Potential Short-term Targets There is a degree of likelihood that Ripple will surpass its current high of 58 cents in the near future if the market decides that breaking the 56-cent resistance (the September 2022 high) is worth pursuing further. This would indicate that we are in an extended wave 3 move, with short-term targets at 70 cents. Wave 4 Cool Down and Retracement If Ripple reaches the 70-cent mark, we can expect a cool-down period of at least a few weeks as the market enters wave 4. During this period, Ripple is likely to retrace back to around 60 cents before resuming its upward trajectory. Bitcoin Dominance and Optimistic Scenario The associated chart displayed in this analysis presents the most optimistic scenario for Ripple's price, assuming that Bitcoin Dominance behaves as expected when it reaches 50%. In this case, Ripple could experience significant growth throughout 2023. Upper Limit for XRP in 2023 However, it's essential to exercise caution when holding XRP at higher price levels. If Ripple reaches 85 cents or higher, it may be wise to reevaluate your positions, as the top for 2023 could potentially be between 85 and 88 cents. Keep in mind that this is the most optimistic scenario, and it's crucial not to become overly attached to a specific price target.
Long
by bitdoctor
Next Short-Term Tops En Route To 4400With the likely conclusion of Minor waves (yellow numbers) 1 and 2, I am providing a short-term update. I have taken the final values from both of these waves to forecast the end of Minor wave 3. I originally had the entirety of Intermediate wave (pink numbers) 1 ending by April 6 around 4112, but that will now likely occur a little later. The centermost wave extension numbers relate to the likely end of Minor wave 3 and are based on historical movements considering the wave data from the completion of Minor waves 1 and 2. Minor wave 1 was seven days long, while wave 2 was two days long. Based on historical applications, wave 3 will likely last 6-8 days with a top between 4112 and 4135. Minor wave 4 would likely be a short drop and potentially only last 1-2 days. Intermediate wave 1 is now most likely around April 12 possibly near 4165. Intermediate wave 2-5 are still early projections and they will be updated in time. I have slid the end of Cycle wave (orange letter ‘b’) B back one more day for the moment with the final market top around June 20, 2023. It would still most likely occur at the top of the trend line as it is placed on this chart. The wave extension numbers to the far right relate to the likely end of Cycle wave B, Primary wave C, Intermediate wave 5 since they are all the same event. These levels and timeframes are based on the historical application of Cycle wave A and Primary waves A & B inside of the current Cycle wave B. Next week’s rise is likely attributed to a slow news week where ‘no news is good news.’
SP:SPXLong
by StockSignaler
1
Meta Undergoes MetamorphosisFor the 9 year span between 2012 and 2021, Facebook grew at an average of 200% per year. Now being almost rested from a 1800% wave that stretched its value from $19 to $359 per share, Zuckerburg and Co. are ready to make way towards their encore siting near the price tag of $2579. A stock split could alter this price target but if an investor were to buy the big dip near $60, I'd expect the 4000% increase in value to remain a high probability outcome for Wave 3. While Jim Kramer is shedding tears because he was blindsided, we at least knew that META was nearing its peak level and a finish of Wave 5. While I'm not sure of his nor others approach to technical analysis, Elliott Wave gave clear signal that it was not the season for buying META. The morals of the story are simple, buy the dip, don't follow Kramer's advice and SURF!
NASDAQ:METALong
by DigitalSurfTrading
1
Advanced TA (Gann, Fibonacci, Elliot Wave, Others) Lead TrendsThis is a complex chart showing the SPY in a broad spectrum of Advanced Technical Analysis. What you need to understand is this rally has stalled after a "scouting party" attempt to identify support above the long-term CYAN price channel (which also acted as support in early 2021 on the way down). Failure to hold this support level will prompt a very big downside price trend that may retest the 2015-16 lows. Everyone is talking about a Fed Pivot - but I don't see that happening. I see a broad financial crisis event unfolding over the next 4+ years where asset values contract (homes, stocks, and others) in a global unwinding process. China/Asia are particularly at risk because they may not see any real recovery from their excess speculation phase until after 2027+. The US markets may recover 2~3 years before foreign markets as the US has somewhat prepared for another crisis event after 2007-10 - but we'll see. Failure at this point would indicate a potential for a new Wave 3 (downward) that could be rather large. Learn to protect your assets as you identify opportunities. This is not the time to go ALL IN on any big trend. This warning is CONDITIONAL. The SPY would have to move lower and break $363 to establish a new downward price trend. Follow my research.
AMEX:SPYShort
by BradMatheny