H1 - Three waves to the upside followed by double wave correction.
Price has broken above the most recent downtrend line.
Bullish hidden divergence.
Higher highs.
Expecting the price to continue higher further after pullbacks.
BITSTAMP:XRPUSD made nice three-wave correction back to previous wave IV with (a) = (c) equal legs and hit exactly 1.60 level as we expected. This is actually perfect setup in Elliott Wave theory and exactly, what we are looking for trading opportunities. But we have to wait for confirmation, which is a break above channel resistance line and to be sure we need a...
Ripple is sideways already for a long time and it follows our count (triangle into wave B) perfectly. For now it looks very clear. Even if it lost 50% since August 23, decline is still in three waves. So Ripple bounced from our pojected wave C support and we expect now three waves up into wave D back to 61,8% fibonacci retracement and 0.24-0.25...
Ethereum recovering after three wave decline as we already mentioned in earlier updates and we are still tracking big triangle. We see a broken channel resistance, which is a signal for higher prices. But typicaly for triangles, we see limited upside and expect only three waves A-B-C up into wave D.
ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
USDJPY is turning down at the moment which has been technically expected based on a five wave rise from 112.08 which makes a completed wave v) of a higher degree. That said, a bigger corrective decline can be coming in three waves.
Disclosure:
We do not own any assets or share of the instrument mentioned in our outlook
Please be informed that information we...
USDJPY is falling sharply for the last few weeks, clearly with impulsive price action down from 115.50, but if we take a look at the whole bearish cycle from December 2016 high we should have to be aware of a new significant turn. The reason is a three wave structure, which in Elliott Wave terminology represents a corrective prince move, but it's important to wait...
