XRP-USD state for 4th April, 10:53 GMT+2: Second target 0.55 USD is achieved, what to expect next?
As you can see on the chart the price is still moving inside upward channel, I think we at the end of wave 2 and next target will be at 0.61 USD and final point - 0.67. From there I expect correction.
0.61 is clearly visible on daily chart:
it is middle line of Bollinger indicator and 0,67 area is the target of the broken falling wedge:
The alternate, bearish, scenario will happen if bears will be able to break this upward channel, in this case we will have a bit extended 2nd correction wave but the targets will be the same
that's how I saw it, but wave 4 was dropped past 0.618 and you can be right.
i think we are just in the 4 subwave of the wave 1
It depends on scale of the chart. Could you show your technical analysis ?
this is also a way of how it can turn out
Thank you!