Ripple – Last chance!
Hello everyone,
as I have already written in an older analysis (please check link below), xrp is going down for a final sell-off. The one-million-dollar-question is: how long will it last and how deep will xrp crashing down? From an Elliott-wave-perspective there is a key level (yellow box in the green box). The region around 0.24 and especially 0.22/0.21 would be a perfect turning point…
…BUT: on the other hand, this region is the last chance for the bulls to make it. If they fail at 0.22/0.21 there will be blood, a lot of blood, because the next significant supporting zones are: 0.16, 0.12, 0.09 and 0.07.
Anyone who is not invested yet (including me): maybe xrp will give us a present. From this perspective, courses around 0.16 and deeper would be a present for us, because we get cheaper in and the potential on the upside is the same, so… actually, one should even hope that xrp will go down…
From now on, we should keep an eye on it closely. More updates will follow…
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Take care
tgo
as I have already written in an older analysis (please check link below), xrp is going down for a final sell-off. The one-million-dollar-question is: how long will it last and how deep will xrp crashing down? From an Elliott-wave-perspective there is a key level (yellow box in the green box). The region around 0.24 and especially 0.22/0.21 would be a perfect turning point…
…BUT: on the other hand, this region is the last chance for the bulls to make it. If they fail at 0.22/0.21 there will be blood, a lot of blood, because the next significant supporting zones are: 0.16, 0.12, 0.09 and 0.07.
Anyone who is not invested yet (including me): maybe xrp will give us a present. From this perspective, courses around 0.16 and deeper would be a present for us, because we get cheaper in and the potential on the upside is the same, so… actually, one should even hope that xrp will go down…
From now on, we should keep an eye on it closely. More updates will follow…
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Take care
tgo
HK-Capital-Management
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