YET ANOTHER ELLIOTT WAVE ANALYSIS
As predicted in the past two ideas that I've published sub-waves (iii) and (iv) have been formed and we are currently surfing sub-wave (v) of the third wave.
My TP is close to the 2 Fibonacci extension level of waves (iii) and (iv) which is displayed on the chart (purple rectangle).
I believe that after a small retracement price will try to push past 1.35$ and after a 4H close above 1.36$ we will see an extremely fast climb toward 1.7$.
XRP is currently undervalued when compared to BTC (BTC has already formed a new high but XRP's last high is yet to be broken) because of this fact I strongly recommend you to buy while it's still cheap.
Please comment your thoughts and questions. I will try my best to answer your questions and would love to know what you think.
KEEP IN MIND THIS IS JUST AN ANALYSIS AND EVEN I HAVE A BACKUP PLAN IF MY ANALYSIS TURNS OUT TO BE WRONG. SO DO YOUR OWN RESEARCH AND DO NOT BLINDLY FOLLOW ANYONE'S ANALYSIS.
My TP is close to the 2 Fibonacci extension level of waves (iii) and (iv) which is displayed on the chart (purple rectangle).
I believe that after a small retracement price will try to push past 1.35$ and after a 4H close above 1.36$ we will see an extremely fast climb toward 1.7$.
XRP is currently undervalued when compared to BTC (BTC has already formed a new high but XRP's last high is yet to be broken) because of this fact I strongly recommend you to buy while it's still cheap.
Please comment your thoughts and questions. I will try my best to answer your questions and would love to know what you think.
KEEP IN MIND THIS IS JUST AN ANALYSIS AND EVEN I HAVE A BACKUP PLAN IF MY ANALYSIS TURNS OUT TO BE WRONG. SO DO YOUR OWN RESEARCH AND DO NOT BLINDLY FOLLOW ANYONE'S ANALYSIS.
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