Normally I would only do one chart a day, and update that chart with additional charts and comments, but the change in direction is significant enough to take another fresh look...
The chart I posted this morning did a fake out, hit 0.786 extension of Wave 1 (A) then very quickly reversed with a significant push upward. This would appear to confirm the completion of the ABC correction wave and the start of a new Impulse wave. Initially we would be looking at 0.37, both the 1.272 fib of the higher degree Wave 1, and HA S1... but non-HA S2 is sitting just below at 0.36, also the 1.00 fib. A break above 0.3582 would be required for Impulse wave confirmation.
I have a bias to the upside based on my own significant investment into XRP. I must then look for a contrary signal to my bias, which honestly, is pretty easy right now. There is significant probability we are in an ABC higher degree wave, and this would be the C wave. The completion of this C wave would then follow with a push to 0.30.
The chart I posted this morning did a fake out, hit 0.786 extension of Wave 1 (A) then very quickly reversed with a significant push upward. This would appear to confirm the completion of the ABC correction wave and the start of a new Impulse wave. Initially we would be looking at 0.37, both the 1.272 fib of the higher degree Wave 1, and HA S1... but non-HA S2 is sitting just below at 0.36, also the 1.00 fib. A break above 0.3582 would be required for Impulse wave confirmation.
I have a bias to the upside based on my own significant investment into XRP. I must then look for a contrary signal to my bias, which honestly, is pretty easy right now. There is significant probability we are in an ABC higher degree wave, and this would be the C wave. The completion of this C wave would then follow with a push to 0.30.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.