RIPPLE (XRP) Breaks Out of Triangle Pattern and Begins to Impulse Towards $0.541

haejin (87)in #bitcoin • 7 years ago

SUMMARY

RIPPLE (XRP) is showing adherence to the Elliott Wave count pathway as shown in the below chart. Blue sub waves 3, 4 and 5 should be next price levels.

Hourly chart shows a pattern that can be combined with the Elliott Waves. This Head & Shoulders Bottom pattern shows a price target that coincides with the blue wave 3 at aroudn $0.3332. The end of white Wave (v) is still targeted for around $0.541
The video analysis has much more details.

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7 years ago in #bitcoin by haejin (87)

$1.56

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ignasi (27) 7 years ago

Hi @haejin, could this be a Headandshoulders inside an other Headandshoulders? Thanks!

Image of head and shoulders

$0.03

2 votes

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jeff-55logclub (50) 7 years ago

Hi @ignasi, I see what you're looking at but a H & S pattern is a reversal pattern so it would be at the very top or the bottom of a trend. Not a continuation. I hope that makes sense. However, good work on recognizing the pattern it takes a lot of practice. I'm sorry if I am out of line.

$0.30

3 votes

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ignasi (27) 7 years ago

Thanks!! @jeff-55logclub no worries im not a trader just a big hodler plenty of couriosity. Im really happy for your answer. ;) Cheers

$0.00

1 vote

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scarlet7 (59) 7 years ago (edited)

I am showing VERY strong BUY indicators for XRP... look at this.... (right click and view image)
This is not a strict rule by the way....there's more to it than that, but that's the jist of those scenario patterns.
Soon I will be posting a beginners guide to growing your wealth that shows some of these more simplistic indicators that pretty much anyone can read and make a more informed decision for day trades.

$0.00

2 votes

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rjh (35) 7 years ago

What would that be in USD $

$0.00

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scarlet7 (59) 7 years ago

$0.00

1 vote

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alidanish786 (51) 7 years ago

nice deduction and deep observation you have made..thanks for sharing..

$0.00

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minnowpond1 (48) 7 years ago

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$0.00

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