Its Pigeon feed time!
It's your Tri-polar Pigeon here!! I am seeing an ending diagonal in a C wave. The contracting triangle is respecting the blue R/S lines in this 3-3-3-3-3 structure (ending diagonal rules apply) where wave 1 tends to be the longest and wave 5 the shortest.
I am seeing a top of this wave around 0.194-0.198 from Elliot Wave analysis...
I'm hoping to reach the golden levels on the chart in the near term.
Looking at the long term bull run ahead it's surely possible.
If history repeats one more time like the 2016-2017 cycle we can see its possible as well.
I used gann fann to apoint the yellow circled bubbles trough time (thats where I'm gradually starting to take my money out of the...
As previously pulished,
I used WD Gann and Elliot Wave for yellow price boxes (forecast specific in time).
I used projection range for the parabolic curve.
I used 45degree angle (same as 2017, if you connect LL) 2x45°.
I identified a 26 degree angle from bottom (start) to high (2017).
This might be my "from rags to riches" story...
IF XRP gets 5 trillion...
Don't trust this rekt coin.
Even in the latest constrained bullish
surroundings (all-known btcusd pump for that January),
it shows such a bearish picture. I believe this coin is
gonna dump ONE MORE TIME, and deep.
Probably down figures again. It must correct -
the waves are sooOOOo bearish that the Papa Bear himself
couldn't draw better,
even if he'd been the...
Expecting XRP to drop one more time
before the high-table speculators kick in.
It is still uncertain whether the price
Better be bear, than sorry)))
For a while. See the levels.
I don't believe that
the bottom is in.
Welcome to everyone interested in the Ripple coin!
I'm expanding my analysis upon this instrument as well(see my BTC posts).
This idea is the root idea every other post on Ripple
will be related to.
I base my TA on the widely known Elliot's Wave Theory
(influences as well: Prechter, Voronin(ov?), Frost).
The base wave map will be carefully analyzed
and all the...
after some big momentum and now in the counter trend and dropping on another zone and creating a falling wedge im seeing more bullish momentum but this might pull back when it meet this 3rd touch on that falling wedge so just be open with this trade and keep your eye on it
pull back can happen
XRP FROM ESCROW:
On the first day of each month 1,000,000,000 XRP is released from Escrow and sold to corporate clients of ripple. This is essentially the rate of supply and underlying supply schedule. Once all XRP has been distributed from Escrow, all XRP will be in circulation. This is in my view an alternative method to mining as XRP can not be mined.
so getting to key area of price approaching a double top area and have been consolidating in this zone for a while now so my bias with this trade that we break below this trend and have a bearish correction moving out of the trend we wait for conformation on any trade we take
this is looking for more moment to the downside after some big a impulsive move sitting in a corrective phase we will push out very soon some nice % to the down side with this better entry would be to break that trend wait for the conformation before placing this trade.
XRP is going to surprise us again? Well it is very possible that XRP's frustrating correction finishes in the coming days and even coming hours!
We expect slow grow to $0.26 and the a swift visit to $0.32. Then some days rest and the more powerful move to major resistant of $0.5. The correction there takes longer before the very strong move to $1.8-$2.