Ripple has broken out from the dragon head pattern forming the fifth segment of the 5-3 Elliott Wave once it reached new highs. The Kovach Momentum Indicators have picked up to reflect this breakout and we are once again testing the upper bound of the KRI. Anticipate some retracement as we enter the corrective phase.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!