RIPPLE dropped nicely and looks to be entering an ABC corrective pattern. We just saw Wave A at $1.64 - matching the 4 Wave range. Our next target is Wave B at about $2.25 - matching the 3 Wave range. After that, Wave C should return to at or under $1.64. It could continue a downtrend after this point or bounce off the $1.60 support and continue a new impulse wave up.
Things to watch:
BTC movements could break the pattern. RIPPLE has been pretty reactive to BTC recently. A BTC movement could cause anomalies or break out of the standard ABC trend.
TARGETS:
Wave A at $1.64.
Wave B at about $2.25.
Wave C at or under $1.64.
Note:
This is an idea of a future market movement. The current markets are highly volatile and can change at any moment. It is not a suggestion to trade, and I am not a financial advisor.
Things to watch:
BTC movements could break the pattern. RIPPLE has been pretty reactive to BTC recently. A BTC movement could cause anomalies or break out of the standard ABC trend.
TARGETS:
Wave A at $1.64.
Wave B at about $2.25.
Wave C at or under $1.64.
Note:
This is an idea of a future market movement. The current markets are highly volatile and can change at any moment. It is not a suggestion to trade, and I am not a financial advisor.
Nota
This trade has ended. Check my profile for current trades.
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.
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.