heywippa

heywippa

XRP started correcting on September 07th and what seemed to be initially a straight forward ABC correction has evolved into a more complex WXYZ correction. Based on my assessment of the WXYZ correction, we should now be commencing Wave 1 which is very exciting. Let me know what you think, have I missed anything?

heywippa Updated 

Price has found support at the $1.07 region which is great and is currently working within a Symmetrical Triangle. Price is virtually at the apex of the Symmetrical Triangle so I am expecting it to break-out very soon. I am bullish on XRP so my bias would be a breakout to the upside with a price target of $1.14, however price could break down with a target...

heywippa Updated 

Based on my previous TA I had a target of going down to $0.78, however as price developed it reversed to the upside of the symmetrical triangle. Despite the TA being in favour of a decline, the day leading up to the reversal I had a feeling that it might reverse to the upside because there seemed to be an overwhelming consensus that price was going down and if you...

heywippa Updated 

Hey Guys, So I am feeling short on XRP to a range of $0.78. Price is adhering to the descending wedge pattern. Price is failing to break resistance at 0.94 and price action is weak, there is a reasonable probability that price will retrace backward. We are in the final leg of an ABCDE pattern. The weekly time frame supports further downside please see...

heywippa Updated 

Hi Guys, My previous idea said I was 'Bullish on XRP - Pathway to $2.80' which is linked below. This idea hasn't changed however, I didn't quite see that price was also being constrained potentially within a descending wedge and further downside might be in play to complete an ABCDE correction. Price is really sitting a precipice right now and could either...

heywippa Updated 

Now that our ABC correction has been had, the next leg up is Wave 3 which is the steepest and strongest of all the 5 waves, so I am looking forward to some good price action over the next week or so. Wave 3 is made up into 5 sub-waves so this prediction is related to wave 1 of wave 3 - I am paying attention to 3 key resistance zones at $1.21, $1.31 and $1.40...

heywippa Updated 

Hey Guys, To be fair identifying Wave 1 of an impulse wave is not usually obvious at the onset. The ABC correction i feel has technically played out and rebounded off the 0.789 Fib level. However with that being said its quite early and Wave 5 of the C correction could still be in play, I would have more confidence once price breaks resistance at $0.94 cents and...

heywippa Updated 

The ABC Zig-Zag Correction is playing out as expected, and whilst it is finalising it represents a good time to think about where we are headed next - Where are we at now - Price action is fairly weak at $0.92 and we are now in wave 4/5 of a C correction, it seems logical that we are headed down a little bit more. A possible bearish pennant could be forming...

heywippa Updated 

I am feeling a bit more confident on bearish price action. Yesterday BTC pumped to a key resistance level and struggled to push through and has started to roll over. Price action is very weak, so any advances upward are failing and fully retracing. It's a bit frustrating to see us still unable to break support at 1.05, so hopefully that happens soon. Price...

heywippa Updated 

I am feeling a bit short on XRP We are in the C leg of an ABC correction, theoretically price should at-least move down below $0.95. Price is still adhering to a descending triangle which is bearish. BTC broke out of its descending triangle on September 14th but looks to be rolling over. Based on previous price action, areas of interest are $0.93,...