XRPלונג
XRP Elliot Wave Long: From 39c to $4.20
This analysis shows that we are currently in wave 3 of 5 of the Macro wave 3 (of Hyperwave 3).
The Macro wave 3 should take us to about $2.16, as this lines up with the both the fib extension at the 2.0 fibonacci and the previous wave's extension at 8.236. However, this it may only reach as far as $1.91 or $2.56.
If $2.16 is reached as wave 5 of 3, we can expect a corrective wave (macro wave 4) down to between the 0.5 ($1.30) and 0.618 ($1.11) lines. Given that 1.30 is a support here, this is where I suspect we could retrace to.
For wave 5 of 5, if we end Macro wave 4 at $1.30 and bounce back off this support, a rise to the 1.618 fib extension at $4.20 is not out of the question. This would mark the end of the macro wave structure and we would likely see a decent retrace of the entire move, which may take us back down to $1.85 or perhaps $1.56. This would be the hyperwave 4 correction.
After that we have Hyperwave 5 which will take us even further. My guess is $13. See my Hyperwave Analysis for details on this (linked).
The Macro wave 3 should take us to about $2.16, as this lines up with the both the fib extension at the 2.0 fibonacci and the previous wave's extension at 8.236. However, this it may only reach as far as $1.91 or $2.56.
If $2.16 is reached as wave 5 of 3, we can expect a corrective wave (macro wave 4) down to between the 0.5 ($1.30) and 0.618 ($1.11) lines. Given that 1.30 is a support here, this is where I suspect we could retrace to.
For wave 5 of 5, if we end Macro wave 4 at $1.30 and bounce back off this support, a rise to the 1.618 fib extension at $4.20 is not out of the question. This would mark the end of the macro wave structure and we would likely see a decent retrace of the entire move, which may take us back down to $1.85 or perhaps $1.56. This would be the hyperwave 4 correction.
After that we have Hyperwave 5 which will take us even further. My guess is $13. See my Hyperwave Analysis for details on this (linked).
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.