Cypto Contest October 31: Ripple

Ripple has broken the trend line drawn from the October 25 peak.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Ripple has completed one cycle from the September 11 low. The wave one finished on the September 15, and the wave two correction (abc) ended on the October 29. If this wave count is correct, Ripple should be heading next towards the September 15 peak.

(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Ripple is currently most likely in the wave three. The wave one started in the September 2014, and finished in the December 2014. The wave two correction ended in the June 2016.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Ripple.

If you think this analysis is correct, upvote this post and upvote the comment "Ripple will takeout the October 25 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ripple will drop below the October 29 low".
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