XRP / BitcoinUpdated XRP Elliot Wave Analysis
Having a look at XRP's recent up and down, it seems like an impulse wave has finished and there are two possibilities.
1) As above, there is a Bull Flag with 5 point correction wave. We are beginning the downward portion of the E wave and we should bounce from ~11,000 sats
2) If we have completed an ABC correction, then the recent spike (CD) is the beginning of a new impulse wave and we can expect a breakout from the flag sooner rather than later.
Pls comment and leave feedback, I'm always keen to improve and learn :)
Thanks
Rory
1) As above, there is a Bull Flag with 5 point correction wave. We are beginning the downward portion of the E wave and we should bounce from ~11,000 sats
2) If we have completed an ABC correction, then the recent spike (CD) is the beginning of a new impulse wave and we can expect a breakout from the flag sooner rather than later.
Pls comment and leave feedback, I'm always keen to improve and learn :)
Thanks
Rory
Note
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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.