XRP Updated Cycle Wave 5 of Wave 2From the spike we had yesterday, it looks like we have two options. Either we are making an 1-2, 1-2 OR we are not finished with this wave 2.. Considering how fast we went yesterday, usually I don't prefer that to be an impulsive wave. From the many counts and charts Ive studied there is an higher probability its a corrective wave, hence, an X wave in this case. X waves are named "suckers rally" for a reason. The price action we had from the retracement looks like an impulsive wave. This will indicate how we will finish this larger Wave 2. According to how sideways double combos end in this specific pattern set up, we are looking for a zigzag to finish. The B wave should be a 3 wave move to mirror the size and structure of the A wave impulse in the Y wave we are forming. I will be looking around $2.60 ish - $2.80 ish for wave B to finish. Plan to sell some XRP around there. Let's see how it plays out.
GOD BLESS AND TRADE ON