cbistriceanu

A longer cycle and accumulation for XRPUSD

BITFINEX:XRPUSD   XRP / U.S. Dollar
Looks like the accumulation period has extended and we're still in it. Would the next Elliot Wave move be the one? Here are my thoughts on what had happened so far and where we may go from here. I would be curious to see if the resistance at $0.4750 will be broken this time or not.

We now have two MA crosses on the daily chart too where both the 50MA and the 100MA had crossed the 200MA line. Usually this is a bullish sign so expecting another move up in the near term.
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