chart is pretty self explanatory, i've posted similar charts before however the corrections turned into further complex corrections, but at this stage, on the MACRO scale, even the possible complex corrections have been practically played out in my opinion. We can clearly see a retest of the bottom inclined trend line of the channel as expected once it broke out...
Long term chart showing rough projection based on history and EW Theory. I've continuously studied and updated this chart to see what is the most likely path it can take in a bullish scenario. I very much remain bullish on XRP, and with what Ripple has been doing and is continuously doing behind the scenes to grow this eco system and ultimately make XRP the first...
Updated my long term chart, the macro wave 2 could be positioned at either basically current price point or where it is shown in the chart above, either way, wave 3 is upon us. brace yourselves, the phoenix is set to rise from the ashes! ;) the transparent price projection candles are only a general indication of the future price action trend and not indicative...
XRP is prime for its bull time, the transparent blue price action projection is based on its previous movement coupled with Elliot wave theory and market geometry making a lot of sense I've constantly made small edits to this chart idea from nearly a year ago and i would say that its at its most accurate version at the moment. here's a pic of the entire chart for...
I could write about all the good news that has been coming out for XRP and ripple, i could write about all the problems that XRP not only has the potential but is solving. But instead i will leave it purely technical. If you're an elliotician, you will understand the graph, but i will post a high res pic as well incase it doesnt show everything in the window...
thought i'd look at the longer term overview and do some EW charting along with some rough projections to see where we are at on a MACRO level. I think that the $3.30 high was the 5th wave of a giant 1 wave, and we've now put in the 2 and have just started the 3rd with the recent rise to 96c being the 1 wave of the 3rd. All the fib levels are pin point and crazy...
XRP / BTC: it seems that we are currently putting in the waves D and E to complete wave 4 of one larger degree; this means that we'll soon be going up for a wave 5 to complete wave 1 of a larger degree. then down for a shallow 2 as this is in fact all part of a wave 3 of a larger degree, so brace yourselves! there are alternate counts that could possibly take...
XRP / USDT: I've posted an xrp/btc chart recently, and its a similar story here.. I'm just going to copy/paste the description here cause I'm feeling lazy :P it seems that we are currently putting in the waves D and E to complete wave 4 of one larger degree; this means that we'll soon be going up for a wave 5 to complete wave 1 of a larger degree. then down for...
risk:rewards is good with this trade, cut losses short if we go south, can always re-enter lower :)
Just practicing some TA, looks like its trading very technically suggesting algo trading at play initial targets are between $12 and $12.60 ...with a possible chance of going higher if the extended 5th wave plays. trade with care, lets see if i'm correct :)
Possibly going down, trade has been active since the top of green box. first target is likely, and if the bulls don't come running, there are 2 more targets to hit ;) We seem to be currently in an Ending Diagonal wave, of the corrective wave C, indicating the end of the correction is within sight. I expect wave 1 of a larger degree wave 5 to begin at the end...
xrp/usdt is looking bullish very short term, possible 10% gain from xrp/btc trade as shown in the graph. BTC looks to be falling to about 5500-5700 USD, xrp/usdt is also rising further compounding the effect of xrp against BTC. Remember this is very short term trade so if you get in late..well its too late. also i am not a professional so please take this with...