XRP - 4H Elliott Wave Analysis
Greetings, this is my current 4H count for XRP which focusses on the blue Wave E of an Elliot Wave Triangle after which we would assume further upside.
The support area for the blue Wave E sits between the 0.382 FIB at 2.3007 USD and the 0.886 FIB at 2.0259 USD.
We assume that blue Wave is is playing out as an ABC displayed in red. Red Wave B could be in but still has the potential to extend. Assume it is already is we can calculate targets for red Wave C which are the 1 to 1 FIB at 2.2654 USD, the 1.236 FIB at 2.2256 USD, the 1.38 FIB at 2.2016 USD and the 1.618 FIB at 2.1626 USD.
Noteworthy is that the 1.618 FIB traget at 2.1626 USD of red Wave C sits right on the golden pocket of the blue Wave E target zone between the 0.618 FIB at 2.1720 USD and the 0.66 FIB at 2.1491 USD.
Be aware the invalidation of the Elliott Wave triangle is at 1.9601 USD which is the blue Wave C low.
Thanks for reading.
NO FINANCIAL ADVICE.
The support area for the blue Wave E sits between the 0.382 FIB at 2.3007 USD and the 0.886 FIB at 2.0259 USD.
We assume that blue Wave is is playing out as an ABC displayed in red. Red Wave B could be in but still has the potential to extend. Assume it is already is we can calculate targets for red Wave C which are the 1 to 1 FIB at 2.2654 USD, the 1.236 FIB at 2.2256 USD, the 1.38 FIB at 2.2016 USD and the 1.618 FIB at 2.1626 USD.
Noteworthy is that the 1.618 FIB traget at 2.1626 USD of red Wave C sits right on the golden pocket of the blue Wave E target zone between the 0.618 FIB at 2.1720 USD and the 0.66 FIB at 2.1491 USD.
Be aware the invalidation of the Elliott Wave triangle is at 1.9601 USD which is the blue Wave C low.
Thanks for reading.
NO FINANCIAL ADVICE.
Trade ativo
We entered support area, red Wave C and blue Wave E could be finished.
We are looking for a bounce soon.
Nota
In case get a breakout from the low of the 8th January at 2.2001 USD our first upside targets would be 3.2368 USD and 3.4574 USD.
Nota
We slightly wicked blue Wave D which indicates a breakout or an extension of the triangle.Nota
We broke the Wave B high :).Nota
I'd recommend to take some partial profits :) Trade fechado: objetivo atingido
Worked out, obviously we can go higher :)
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.