XRP Long term trend
While performing some fib retracements on the long term chart I seem to have discovered a trend that seems to reoccur. When you take the fib from the 1st wave and combine it to the 3rd wave, you will find the 5th wave extends to the 1.854. I am showing 4 examples in this graph, but have found several other examples of this in smaller scale.
If we take the 1st and 3rd wave of this bull-run that started around March 2020 and extend that, we can reach about 20$. Currently, I believe, we are about to begin the 3rd wave of the 5th wave. If this brings us to around 4$ (3.5$ - 4.5$), I believe the 5th and final wave might bring us to above 20$.
This is just an idea and not financial advice. Please also do your own research and I would love to hear what you think about this.
If we take the 1st and 3rd wave of this bull-run that started around March 2020 and extend that, we can reach about 20$. Currently, I believe, we are about to begin the 3rd wave of the 5th wave. If this brings us to around 4$ (3.5$ - 4.5$), I believe the 5th and final wave might bring us to above 20$.
This is just an idea and not financial advice. Please also do your own research and I would love to hear what you think about this.
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