XRP / TetherUS

Ripple - The Bottom Is Near! 🚨

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In our last Ripple analysis, we managed to catch the recent short back down to the 0.50 level. We were anticipating a bounce but the entire crypto market took a massive dump, which forced us to step back and reanalyse.

We can now see the Flat Correction 3-3-5 much more clearly. We are now on the C wave which is made up of 5 subwaves. We are waiting for subwave 4 to be formed and then one final drop to around the 0.10 level before moving higher for the next bull run.

Trade Idea:
- Watch for one more drop for the 5th subwave
- Anticipating 5th wave to complete around the -0.27 level which is 0.10
- Once bullish price action appears around there, enter with stops below the lowest lows
- Targets: 1, 2, HODL the rest. Could be an enormous move!

What do you guys think? Leave your thoughts below!

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.