I believe this is a possible scenario for XRP. An ABC correction occurred back around the time of the lawsuit followed by a 5 wave impulse ending recently at the 70 cent level. I now believe we are either in an XABCD or ABCD pattern, with possible areas identified using Fibonacci levels. If the chart continues to follow the pattern I have identified I would expect it to reach possible levels before a leg to the downside.
Please note I am new to TA and am learning everyday. Looking for feedback or to see if anyone sees the same scenario playing out or if there is an error with my chart/something I am missing.
Please note I am new to TA and am learning everyday. Looking for feedback or to see if anyone sees the same scenario playing out or if there is an error with my chart/something I am missing.