RIPPLE dropped nicely and looks to be entering an ABC corrective pattern. We just saw Wave A at $1.64 - matching the 4 Wave range. Our next target is Wave B at about $2.25 - matching the 3 Wave range. After that, Wave C should return to at or under $1.64. It could continue a downtrend after this point or bounce off the $1.60 support and continue a new impulse wave up.
Things to watch:
BTC movements could break the pattern. RIPPLE has been pretty reactive to BTC recently. A BTC movement could cause anomalies or break out of the standard ABC trend.
TARGETS:
Wave A at $1.64.
Wave B at about $2.25.
Wave C at or under $1.64.
Note:
This is an idea of a future market movement. The current markets are highly volatile and can change at any moment. It is not a suggestion to trade, and I am not a financial advisor.
Things to watch:
BTC movements could break the pattern. RIPPLE has been pretty reactive to BTC recently. A BTC movement could cause anomalies or break out of the standard ABC trend.
TARGETS:
Wave A at $1.64.
Wave B at about $2.25.
Wave C at or under $1.64.
Note:
This is an idea of a future market movement. The current markets are highly volatile and can change at any moment. It is not a suggestion to trade, and I am not a financial advisor.
註釋
This trade has ended. Check my profile for current trades.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。