Ripple (XRP): An Expanded Flat Could be Nearly Complete

in #ripple6 years ago (edited)

SUMMARY

For anyone who missed today's BitcoinLive Information Webinar, here is the replay link: https://youtu.be/No4frLOz3UE

For a longer scoped perspective of Ripple (XRP), little has changed. The MACD is still well within its symmetrical triangle (blue). However, the lines are contracting and soon there will be near zero mobility of the MACD and in a few days, it'll become very proximal to the apex. What do you think will happen to the MACD?

The closeup view of the short term waves show that since the completion of the red Z wave, an impulse action of up waves have been placed (white). The subsequent and requisite correction is labeled as an expanded flat (ABC). This is because the B wave was a distinct three wave and there not a wave 5. So, the red C wave down should take place in five wave steps. It looks like all waves are complete except for white 5 of red C.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

I think Xrp might go under $0.5. Due to the fact that the whole crypto market is sleeping. Xrp had so many good news, it still didn't go anywhere.

before the pump in 2017 xrp was just a line in the chart .. mabee its the same today .. i buy at low points .. under 0.5 would be perfect .. :-)

@haejin can you please do an detailed update on Verge (XVG)

Expecting XRP to move in an upward trend in a few weeks. A lot of institutional backing for this one and rumors of apple partnership as well. Dont hold any though

Why doesn’t Haejin cover XLM?

Nice post. Although i do know very little about the wave theory. I will go through the links for more information. Thanks

The pair is currently placed nicely in an uptrend and it could extend gains above $0.7100 in the near term

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS12.843$-5.55%-8.57%
QAUQuantum0.162$-4.22%-5.97%
WAVESWaves5.493$-8.7%-17.63%
XRPRipple0.670$-3.04%-9.36%

Coin Marketplace

STEEM 0.27
TRX 0.13
JST 0.032
BTC 60953.94
ETH 2920.49
USDT 1.00
SBD 3.57