Looking at previous failed moon missions, XRP has always had a pretty dramatic drop before it pumps. History does not always repeat itself but it could be a clue. The pump of yesterday ended a wave 5 of what seems to be an ending diagonal. This could now possibly do 5 waves down. Wave 3 targets around 38c-41c. An ABC up for wave 4 to around 49c (testing previous support now turned resistance). Before making it's final descent to finish the bigger picture ABC pattern at circa 0.25c.
Something must happen in the world for this dramatic drop. I believe they time the news to align with price action, not the other way around.
Wouldn't leverage trade this myself. Just an idea i'd like to share as a possible scenario.
Stay safe!
Something must happen in the world for this dramatic drop. I believe they time the news to align with price action, not the other way around.
Wouldn't leverage trade this myself. Just an idea i'd like to share as a possible scenario.
Stay safe!
Note
It could also do an ABC for C. Or technically it will be then a Y of another WXY
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Seems like Wave A is in. Targets for Wave B are around 0.50 to 0.54. Before the final drop to 0.24-0.22. Reminder: Just a scenario.
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Guys the main idea chart is invalid, i would expect we are doing the update posted above this comment. Here is my latest micro count
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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.