ADA and XRP Wave 2 correction?
Wave and XRP are mirroring each other today. If the pump of this morning is the signal of W1 of a new cycle, we are now in a W2(correction). Based on the price movement from this afternoon, bulls are very strong, maintaining wave B of this correction in a range above 38.2%. It is clear that this correction will follow one of the rare Wave 2 patterns, but we must now observe to identify which. I can see an expanded flat pattern shaping up, but that will only be possible if the bulls let lose and sellers step in. If bulls maintain their strength, a running flat or flat correction might happen.
*I am not an analyst, this analyses is my Elliot Waves learning practice. Please correct me or give me advices on improving.*
*I am not an analyst, this analyses is my Elliot Waves learning practice. Please correct me or give me advices on improving.*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.