XRP Update | $2A deeper look on price action with the 4 Market Cycles, price is at the Contraction Phase and is looking to head back to Accumulation.
Also looks like we got a falling wedge pattern to add more confluence to a bearish direction.
Fourmarketphases
AVAX | Elliott Contracting Triangle | Bullish ContinuationLooking to see price reaccumulate at these lows and to finally take off some time around April.
I'm eyeing next targets to be around $80 after we breakout from the contracting triangle.
Overall price action is in the expansion phase out of the 4 Market Cycles and this adds a lot of confluence for a bullish play to come.
FOUR MARKET PHASESAll stocks go thru 4 stages, sometimes each stage can last months or even years, and it's not always easy to recognize like it is on this chart.
Stage 1: Accumulation - buyers coming in stopping the down fall, and the stock starts trading sideways. (Wait)
Stage 2: Markup - Bullish phase, where traders and institutions start buying the up trend. (Buy)
Stage 3: Distribution - where institutions and traders start taking profits - selling. (Sell)
Stage 4: Decline - shorts recognize this stage and start shorting the stock. (Avoid)
