Toorqs

Toorqs

Looks like its trading in a rising channel. 5 th wave of this impulse may reach the top of channel. Probably a pullback after this

Toorqs

if my count is correct, it could correct from here. It may have more gas in the tank tho.

Toorqs

XRP fell less violently at the coinbase news than i thought. It seems there are fewer scared hands left, and xrp is very oversold atm. 0.20 area is strong support, and i doubt bears have what it takes to break it right now. RSI on the rise, and we might see a push to the upside soon. I doubt it has the power to go much above 0.30 until there are some good news coming. GL

Toorqs

another leg up for xrp

Toorqs

looks like 1 more wave down in what is either the A or C wave in the 4 wave of the uptrend.

Toorqs

I had a bullish count until i realized we probably are in a abcde correction, which means the 4th wave of the C wave. Target is 0.267. Due to the length of the 3rd wave of C, the 5th wave can only extend so far. 0.267 also by chance is the 0.382 fib retracement of the 3rd wave structure, and 0.382 fib extension of the C wave.

Toorqs

quite possible we are forming a 4th wave abcde correction structure

Toorqs

target 0.305

Toorqs Updated 

bsv inst done yet

Toorqs

depends on Justin Sun announcement tomorrow

Toorqs

correction might be complete with a truncated C, ending diagonal

Toorqs

very similar to last explosive wave up. target wave 3 10k sats. Target wave 5 20k sats. Timeframe within a week

Toorqs

looks like an abcde correction in wave 4. Target 0.00145

Toorqs

another 3x incoming

Toorqs

target 0.001

Toorqs

Again XRP did a deep retrace after a impulse up. Why the retrace is so deep once again in the mid of so much bullish momentum is hard to tell, but probably some kind of manipulation by big players is the reason. With rsi showing oversold condition with bullish divergence on daily charts, its very hard to see the trendline broken, unless market as a whole...

Toorqs Updated 

It seems we are currently in an ABCDE correction, which means there is likely one wave more up, as ABCD only happens in wave 4 or in B in ABC correction. Strong resistance at 0.47 area.

Toorqs

after a parabolic run the last 3 days, XRP needs to cool of abit. Retest of trend line is likely with an ABC corection