Ripple hit our projected resistance for wave d and went slightly higher, but triangle is still valid. So be aware of decline in three waves back beneath 0.20 level for wave e, where we see a completion of big bullish triangle, which means that Ripple could explode to the upside out of triangle, probably at the beginning of next year.
Nota
Ripple declined from our projected level and showed once again that we are on the right track!Nota
Ripple nicely declined beneath 0.20 into wave E as we projected!! Keep in mind that wave e can be also complex, so bulls will be confirmed only above 0.30 level!Nota
Nota
Ripple nicely declined beneath 0.20 level into wave E as we projected in earlier updates! Wave was very sharp and impulsive, so be aware that this could still be wave A of E and we could see another decline after wave B is reached. Keep in mind that we need a break above 0.30 level to confirm completed triangle and bullish view!Nota
Do we have completed triangle? Keep an eye on five waves up and break above 0.30 for bullish confirmation!Nota
Ripple finally UP! Keep an eye on 5 waves up or break above 0.30 for bullish confirmation!Nota
There is a possible idea because of sharply decline is that we could see more sideways price action into wave E triangle! So, not bullish yet as long as it is beneath 0.30!
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Join the community and get access to our analysis >> @ wavetraders.com/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.