If XRP just completed it's second wave in the Elliot five waves cycle, we *might* see a bull run (wave 3) in the next 7 days or so... Wave 2 could in fact be valid since it retraced about 98% - In most cases, wave 2 will retrace to about the .618 level (61.8%), but it's perfectly fine if it retraces all this way, as long as it doesn't retrace more than 100%.
While this current bounce off the lows might be the start of Wave 3, please be carefull as this might also turn out to be a dead cat bounce, meaning it would take us even lower within a short time frame...
Let's see how this plays out. Prices usually start to accelerate upwards the moment traders think the price is going to dive even deeper... This is when big-money investors step in and buy the dip. This just might be the perfect long opportunity for XRP.
Obviously this is *NO* trading advice whatsoever; the truth is, I'm usually wrong (!!) :-) ..Do your own research!
Possible targets:
Target #1: 0.74 - 0.80
Target #2: 0.95 - 1.00
Good luck!
While this current bounce off the lows might be the start of Wave 3, please be carefull as this might also turn out to be a dead cat bounce, meaning it would take us even lower within a short time frame...
Let's see how this plays out. Prices usually start to accelerate upwards the moment traders think the price is going to dive even deeper... This is when big-money investors step in and buy the dip. This just might be the perfect long opportunity for XRP.
Obviously this is *NO* trading advice whatsoever; the truth is, I'm usually wrong (!!) :-) ..Do your own research!
Possible targets:
Target #1: 0.74 - 0.80
Target #2: 0.95 - 1.00
Good luck!