XRPLong
CHECK OUT MY CRAPPY ARTWORK ON XRP!!! THIS IS WHERE ITS GOING!!
I have a huge hunch that this is how XRP will play out in the medium term. This is my roadmap and I plan to trade it . I picked up 18,000 XRP last night, using my dollar cost averaging technique. I bought 1,000 at a time ranging from $.46 down to $43.3. Yes, I actually caught a bottom for a change with a purchase of 1000 at that price. I'm not saying this is our final bottom, but for the next 2 weeks it is. I believe once we hit the top target, we might have a nasty C wave down to about $.40 right down to the bottom of my flag, which will fool everyone because they will see an Adam and Eve pattern formed, or think we are heading for a right shoulder. If this doesn't happen, then we will have a decent retracement that isn't so nasty, perhaps a right shoulder, and then we rip up to $.96. I feel that it's more likely that we go down though because when we went down to $43.1 , we retraced passed the previous low of $.45.5. Elliot wave says that a wave 2 cannot retrace past wave 1. I'm sure that you all knew that already. So this tells me that we are in a long consolidation period of a huge ABC pattern or maybe a very large ABCDE. As we get closer to my targets I will I draw another roadmap for you guys. Good luck traders!
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