After finishing an aggressive 5 Wave move down for Wave 1 of the pending C wave, Bulls are hoping to break past the higher resistance level as price prepares to make a return the level of $1.60-$1.70.
Currently developing a 535 Zig Zag correction, we can expect A wave to form as a leading diagonal (first green wave structure). The retracement from this formation calls for a 78.6% drop (on average) to the range of $1.20-$1.30.
From $1.20-$1.30, the XRP Army will find faith again in the up move.
Big test approaching at the $1.60-$1.70 range; expecting failure and more downside.
Currently developing a 535 Zig Zag correction, we can expect A wave to form as a leading diagonal (first green wave structure). The retracement from this formation calls for a 78.6% drop (on average) to the range of $1.20-$1.30.
From $1.20-$1.30, the XRP Army will find faith again in the up move.
Big test approaching at the $1.60-$1.70 range; expecting failure and more downside.
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with a new low coming in after my post above, the formation for XRP is now different. i expect bulls to get stifled around the $1.60 region.if this pans out the drop will become quite momentous.
Not
Be careful of one last small pump to the $1.70 region for a WXYXZ (triple zig zag) correction.Emir iptal
1.69 came but not in the formation expected.Bears will take off from $0.75 area soon.
Bear wave pretty much over (for now).
Decode the wave, anticipate the move.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Decode the wave, anticipate the move.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.