XRP (RIPPLE): Midnight Update: Short Term Target Reached
SUMMARY
To this end, I wanted to share some attributes of the September 2017 correction and how it could have some fractal influences to this current recovery. IF the e wave is complete and does NOT breach the lower bottom line decisively; then the likely next price move is expected to be upward. The price neared the upper white line, I had posted a criticaljuncture alert and noted the significance of breaching the upper white trend line.
Even into this upward wedge; the seller repletion just was not enough to fulfill the wedge price travel guidance.
The breach occurred and thus far remains decisive. One reason why triangles are quite common because it allows the price to become time pacman.
With Cryptonians are well aware of how deep retracements can be but also how quick the impulse can go vertical.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
For future viewers: price of bitcoin at the moment of posting is 8700.00USD