Quick RIPPLE (XRP) update 08.01.18
XRP has completed a very beautiful standard correction pattern called expanded flat (3-3-5). As you can see, the bulls were just waiting for this great buying opportunity and jumped right in.
The low of this correction was 1.9$ and it is now already trading @ 2.5$ again.
Now, I expect XRP to reach 4$ in the coming weeks for green wave 5 target, which is where I will be thinking about selling 50% of my position.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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Have a nice day :-)
Good luck on your ripple trade. Personally i sold out on the recent rise as the market cap just seems too big at this point. Tbh I dont really know enough about ripple tho and it could indeed be worth much more....no conviction to hold through.
I agree that XRP can reaches $ 4 in the next few weeks target of the green wave, but before that it may correct to point A or B of the figure.
If you agree or not, comment or give a vote of steem. Thanks
I would tend to agree that the correction is about done and we should look forward to new highs. Looking forward to $5 ripple though!
I only hope that in the short term I will be able to have the ability to understand and take advantage of the opportunities offered by the cryptocurrency market. I am always interested in your publications
Very interesting, hopefully more people jump on the train... I got in at .70 cents so lets keep it up!!
interesting
Very nice post brother
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https://steemit.com/ripple/@karolynaz/thank-you-ripple-for-my-first-lamborghini-omg-please-share-if-you-like-ripple
Interesting. Nice analysis.
im waiting until it goes to $1.50
Me too 😁