Or do we have to wait for longer?

ที่อัปเดต:
Here we assume that XRP won't go after the ATH just yet. We will have to see if #Bitcoin chills out for a moment and starts either distributing or slightly correcting to $98-100K regions. We can then assume the corrective wave (primary W4) will be deeper or a more complex variant (here presumed an expanded flat). The flat correction would allow for consolidation and a potential RSI reset, possibly forming a bullish divergence to signal a reversal which is typical between waves 3 and 5.

A clear break of the lower trendline and failure to hold $1.97 would validate this scenario. The invalidation for this scenario will be taking out the recently set high at $2.9. Given the corrective nature of expanded flats, completion of this structure could extend into early 2025, aligning with broader market uncertainties and potential shifts in macro sentiment.
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It's on. But will it keep going or..?
บันทึก
The diagonal needs some tweaking, but the general idea played out so well.
We ARE in Wave (5) territory now.
Elliott WaveelliotwaveanalysisOscillatorsSupport and Resistance

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