alex13kou

New count of Elliott waves for XRP

Long
Apparently, my last count was incorrect and I have to recount the Elliot waves. This is the beauty of Elliot waves, if your count is incorrect you start a new count with a higher probability to be the correct one. And always manage properly the stop losses and profits.

I started to count from a larger time frame to a shorter one. So, after wave 3, we started a triangle correction ABCDE. We are correctly on D, expecting to hit the trend line at 1$ and make the E move, After that, we will continue to complete wave 5 at around 2.6$.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.