Ripple – 0.37$ - maybe the key decision level...
Hello everyone,
xrp is not in a hurry at the moment! Now we are in no mans land, and we all want a decision. I see three scenarios in the chart, we have to consider of when trading xrp.
Scenario 1 (green lines) – chance 55%
xrp has completed wave 4 (green) and will come up to complete the first important impulsive wave (wave i) at around 0.74/0.90. Then xrp is coming back to the actual price-level (wave ii). This might be a perfect entry point for us. If that happens, I will give another update for sure.
Scenario 2 (blue lines) – chance 35%
Xrp has completed wave i already at 0.76 and is now tinkering with wave ii. If so, we have to be very careful, because if xrp falls through 0.37, the chances for deeper courses are increasing rapidly! I have placed a blue circle in the chart. This is a key decision level!
Scneario 3 (red line) – chances 10%
If xrp decides to fall through the blue circle, we will see courses under 0.24/0.21 as I mentioned it in my older analysis (pleas check links below). This could be a bloodbath, or a present – it’s all about perspective and trade-management…
Please leave a comment or a message, if you have any questions!
Take care
tgo
xrp is not in a hurry at the moment! Now we are in no mans land, and we all want a decision. I see three scenarios in the chart, we have to consider of when trading xrp.
Scenario 1 (green lines) – chance 55%
xrp has completed wave 4 (green) and will come up to complete the first important impulsive wave (wave i) at around 0.74/0.90. Then xrp is coming back to the actual price-level (wave ii). This might be a perfect entry point for us. If that happens, I will give another update for sure.
Scenario 2 (blue lines) – chance 35%
Xrp has completed wave i already at 0.76 and is now tinkering with wave ii. If so, we have to be very careful, because if xrp falls through 0.37, the chances for deeper courses are increasing rapidly! I have placed a blue circle in the chart. This is a key decision level!
Scneario 3 (red line) – chances 10%
If xrp decides to fall through the blue circle, we will see courses under 0.24/0.21 as I mentioned it in my older analysis (pleas check links below). This could be a bloodbath, or a present – it’s all about perspective and trade-management…
Please leave a comment or a message, if you have any questions!
Take care
tgo
HK-Capital-Management
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