Second $XRP Elliot Wave is over now
The 
XRP re-test of the $2 level could be the end of the 2/5 Elliot Wave of the #Ripple bullish cycle.
The bullish potential is based on:
- The recent launch of #RLUSD,
- Trump's embrace of US #altcoins,
- the appointment of a pro-crypto SEC #chairman
- the resolution of Ripple's legal battle with the #SEC, and
- the approval of the XRP-focused exchange-traded funds [#ETF]
XRP re-test of the $2 level could be the end of the 2/5 Elliot Wave of the #Ripple bullish cycle.The bullish potential is based on:
- The recent launch of #RLUSD,
- Trump's embrace of US #altcoins,
- the appointment of a pro-crypto SEC #chairman
- the resolution of Ripple's legal battle with the #SEC, and
- the approval of the XRP-focused exchange-traded funds [#ETF]
עסקה פעילה
The classic five-step Elliot Wave proportions are based on 1st Wave being the base of the measurement.
Wave 2 usually retraces 38.2% to 61.8% of Wave 1, but never goes beyond the beginning of Wave 1.
Wave 3 is often the longest and strongest wave in an impulse, and it typically extends 161.8% or more of Wave 1 (up to 261.8%).
Wave 4 retraces about 23.6% to 38.2% of Wave 3, and sometimes up to 50%, but never goes below the start of Wave 3. It should not overlap the price range of Wave 1 in a standard impulse wave.
Wave 5 usually matches about 61.8% of the length of Wave 1, but it can go as high as 161.8% of Wave 1 or Wave 3 in strong trends.
עסקה סגורה: היעד הושג
It went a bit longer than I expected.
See my new updated Idea...
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.