Crypto Contest September 25: Ripple
Ripple (XRPBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ripple began a wave one leading diagonal advance in June 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on September 12. If this wave count is correct, Ripple should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ripple is a digital asset for payments. The Modern Investor made some predictions one week ago.
(Sources: https://ripple.com/xrp/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ripple will takeout the January peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ripple will drop below the September 12 low".
If you think Ripple is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ripple will stay in a trading range between the September 12 low and the January peak until October 31".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 28 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Ripple will stay in a trading range between the September 12 low and the January peak until October 31 (24 voters as of 3 PM EST September 28: bleujay, bentleycapital, abh12345, soundmoney, steem-d-anlovnit, crokkon, gregory-f, revelationquotes, jlordc, starline, reconnectnature, allyouneedtoknow, fullcoverbetting, vicspics, koskl, glennolua, dine77, themovieplace, rothberg, mitrado, amity123, mike11, diogosantos, karadere).
You won. Paid out from @maarnio1
Ripple will takeout the January peak (7 voters as of 3 PM EST September 28: ace108, michaelluchies, milano1113, kunschj, lydon.sipe, galasek, biomanu).
Ripple will drop below the September 12 low (3 voters as of 3 PM EST September 28: sqlinsix, barbadosso, skepticology).
This one is pretty easy to predict, it is a bigger coin that everybody knows about. I can´t see it taking out the January peak in such a short amount of time!
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