XRP Vs Silver
-The 3 wave on the silver chart close above the wave 1 high while the pump to $2 on XRP fell below the wave 1 high by 36% (Green box). This means that the pump to $2 was the wave 1 of wave 3.
-While ETH 50x'd in it's 3 wave, ADA 32x'd and BTC 16x'd, XRP (the most volatile of these) would've only done a 10x.
-XRP is a known lagger, making it likely that XRP hasn't hit it's 3 wave yet while other coins have.
-If the 3 wave hits the 2.272 extension and the 4 wave retraces to the 0.382 followed by the 5 wave hitting the 1.618, the price target of $27 would line up with the market cycle fib (Bull mkt top/Bear mkt bottom) of 1.618 AND the wave 5 1.618 fib EXACTLY.
Chart:
Yellow circle- Fake out (higher high/trend reversal followed by immediate crash)
Blue Elliott wave- Elliott waves
Yellow Elliott wave- Sub waves
Purple box- Wave 1/Sub wave 1
White line- Resistance
Purple lines- Resistance
-While ETH 50x'd in it's 3 wave, ADA 32x'd and BTC 16x'd, XRP (the most volatile of these) would've only done a 10x.
-XRP is a known lagger, making it likely that XRP hasn't hit it's 3 wave yet while other coins have.
-If the 3 wave hits the 2.272 extension and the 4 wave retraces to the 0.382 followed by the 5 wave hitting the 1.618, the price target of $27 would line up with the market cycle fib (Bull mkt top/Bear mkt bottom) of 1.618 AND the wave 5 1.618 fib EXACTLY.
Chart:
Yellow circle- Fake out (higher high/trend reversal followed by immediate crash)
Blue Elliott wave- Elliott waves
Yellow Elliott wave- Sub waves
Purple box- Wave 1/Sub wave 1
White line- Resistance
Purple lines- Resistance
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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.
Disclaimer
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.