XRPUSD: Suggested price targets up to $4

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The fib levels and vertical lines bound an EW leading diagonal wave 1. I did not depict the EW count, but it has 5 lesser waves each of an ABC structure. Based on that wave, I’ve used fib to forecast targets for subsequent waves 3, 4, and 5 as well as probable areas of volatility.

Sell targets: Red.
Buy targets: Green. Only if reached following a sell.
Probable areas of volatility: Purple. Areas where you should consider to buy or sell.
Bonus: Pink. Not going to explain :p but if you’re up to it consider keeping a small position targeting $4.17.

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Just a thought. Perhaps an accumulation just finished and price will jump back into channel. But perhaps not.

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Here we go. Pink lines align with a Wyckoff distribution phase, yellow lines with an accumulation phase. If so, should pump above and then test $.249.

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Decent opportunity to buy in at bounce of trend line. Also, a subsequent update is coming with changes to the near-term targets.

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Here are the near term ranges at which to consider selling and then rebuying

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Not a main target of mine, but based on the ascending triangle, here’s a trade to keep an eye on.

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Still looks valid. Also, price could drop to near .2396

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Based on Heiken Ashi

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Thinking something like this may play out. If so, wave 3 will be only slightly longer in price-length than wave 1, and the pull back could be either major or minor. That is, wave 4 can penetrate past wave 1’s price, ~$.235, and nonetheless finish at a higher price like $.25. Or, wave 4 may pull back directly to somewhere between $.25-.27. Also, it significantly affects wave 5. I think we may see a wave 5 that is roughly 1.85x combined lengths of waves 1 and 3.

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Clarification: wave 1’s length is anywhere between .20 and .24. It’s hard to say for certain if the .24 price is the actual peak or part of a correction from a peak at .20.

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Possibly time for a pullback to lower .20s

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Could be one last push

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Perhaps down to .20-.238 range.

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XRPUSD: short-term targets of $.37 then $.27

Teklologist

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