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Panjang

Clear Cup and Handle Forming; Ripple About to EXPLODE to 80k

BITFINEX:XRPBTC   Ripple / Bitcoin
Ripple is forming a very obvious cup and handle pattern! The cup curves almost perfectly, and the volume has a similar shape. Moreover, the Elliott Wave count also confirms my analysis. XRP finished a 3-3-5 ABC correction and completed waves 1 and 2 of a new impulse. Since wave 3 is usually longer than wave 1, the price could reach 50k satoshis assuming just a 1 to 1 extension! Furthermore, that is just a conservative estimate; 55k is much more probable target for the next few days.
I would say that Ripple still bullish, but the pump already started so if you want to invest right now, just know that your risks will be higher and your rewards will be lower. The 80k target is more of a longer-term target, but I think 55k is likely to hit within the few days.
Balas
so buy XRP? or hold on? I want to accumulate some so I am only asking because I don't know if its still a smart investment based on this chart or if you were just being artsy lol
Balas
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