XRP - Whales will start buying XRP here. But first a 55% DROP!
- This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money!
- On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)!
- But be careful; XRP is the beast, and I know XRP very well, more than most other people. Overlaps between waves are common, and movements can be difficult at times, but they are doable.
- If you ask me when moon for XRP? I can tell you that after we hit 0,1 - 0,09 USDT, the whales will start buying massively.
- The whales are going to send XRP to the moon! And I am telling you it will be massive; you don't want to miss it, so hit the LIKE if you think I am right.
- But let's be realistic; this is the biggest bear market in history, and it's better to buy XRP at a cheaper price.
- XRP is stuck in this parallel channel on the weekly chart, and the bears are in full control. There are no signs of a trend reversal at all. No buying alerts from whales
- As per my Elliott Wave analysis, this downtrend is so incomplete. We are in the middle of the bearish trend that started on April 13, 2021. But we are basically finishing the downtrend that started in 2018.
- It can take another 1-2 years for XRP to bottom out. XRP is ranked 6 on CoinGecko, which is pretty impressive.
- Transactions on XRP are extremely fast and extremely cheap, so it's a pleasure to use it for payments. But it's not a digital gold nor a store of value and will never be, this can only be Bitcoin.
- Thank you, and for more ideas, hit "Like" and "Follow"!
Comment:
I can see an opportunity to short XRP on the retest of the triangle if we zoom in on the 4h chart on a much lower time frame.
Comment:
This is how you could prematurely short XRP without waiting on the HAS pattern confirmation (to increase your RR).
