Ripple – one final painful sell-off?
Hello everyone,
it worries me, that xrp stays at 0.45 without any decision. Because of that, I decided to re-analyze the chart carefully. The conclusion is not very nice, I suppose. Yes, there are three scenarios in the chart, but one of them is becoming more and more likely, especially if xrp stays not moving!
Scenario 1 – green line, preferred (more hope, than everything else), 30% chance
xrp is building the first significant impulsive wave up.
Scenario 2 – blue line, 5% chance
xrp has only built the first significant 1-2 wave setup. It is not much likely, because third waves are mostly very strong. We are seeing all, but not a strong movement at the moment!
Scenario 3 – red line, 65% chance
xrp is still in the corrective pattern starting from all-time high. If this is true, we will see a final sell-off to the level between 0.04$ and 0.02$. If so, the rise form there will be very strong, I could imagine. It could be the chance for us, if this scenario is pushing through!
I think it is very important for us to think about that, so I decided to give you an update on saturdays. Please be careful, when trading ripple now!
Please leave a comment or a message, if you have any questions!
Take care
tgo
it worries me, that xrp stays at 0.45 without any decision. Because of that, I decided to re-analyze the chart carefully. The conclusion is not very nice, I suppose. Yes, there are three scenarios in the chart, but one of them is becoming more and more likely, especially if xrp stays not moving!
Scenario 1 – green line, preferred (more hope, than everything else), 30% chance
xrp is building the first significant impulsive wave up.
Scenario 2 – blue line, 5% chance
xrp has only built the first significant 1-2 wave setup. It is not much likely, because third waves are mostly very strong. We are seeing all, but not a strong movement at the moment!
Scenario 3 – red line, 65% chance
xrp is still in the corrective pattern starting from all-time high. If this is true, we will see a final sell-off to the level between 0.04$ and 0.02$. If so, the rise form there will be very strong, I could imagine. It could be the chance for us, if this scenario is pushing through!
I think it is very important for us to think about that, so I decided to give you an update on saturdays. Please be careful, when trading ripple now!
Please leave a comment or a message, if you have any questions!
Take care
tgo
HK-Capital-Management
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