I hope you all had a great week. As you can see Ripple is currently forming and almost finish with the descending triangle pattern its creating (we are currently in wave E).
Just to keep things as simple as possible, Wave E has 3 waves (Wave a,b and c). We are done with wave a and currently forming b and c. Once we are done, then Ripple is expected to start a strong bullish wave to $0.5 and possibly $1.
I'll keep this idea updated as much as I can if there is any changes.
Please note that targets could change depending on the information we get from the charts in future.
@damdamm, So we should wait for enter or buy in 50% now and 50% lower? I believe there will be some dip before BTC fork.
damdamm
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@Pupito, Hello @Pupito... Seems to be worth to think about strategy - if it will be lower. I would say like that. Tell me if 16 July we finished ABC correction or just A wave... THIS IS CLUE. And I will tell you what to do then. I really want to correction be ended (ABC) 16 July. But technically we also can be during wave C (time to wave 3 now). Anything can happen and we are not magicians. BUT... 1D indicator ugly and remember that XRPUSD already grow this year +8000% ! Positive is that we have corrected all rise from beginning of year to 0.618 area. Bad is that I can't see strong support under this.
Jo_karim
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Does It going down?
Volume is decreased!
GuillaumeM
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@Jo_karim, the market was overbought needed a correction. Good luck with trading!