Finally came up with an idea explaining this whole correction; if we assume that we are correcting from wave 1, then a 0.5 and 0.618 retracement has the highest probability; so far we haven't been reaching a 0.5 retracement; now ; if we had a double zigzag that would work; on the first abc, the c wave is a perfect 1:1 extension of wave a; if I apply the same to second abc, we hit spot on the 0.5 retracement;
Comentário:
looks like Ripple likes 0.618/0.65 more; last data points suggest that we have another leg down; hopefully only to the next level which is around 0.75 USD
