Presented in log but linear scale often provides a clearer picture of the count. Hence, I'm expecting a fifth wave in the near future. The correction from May-Nov 2017 looks to be of a lower degree, wave four of the third. Normally a pretty good level to build support for the fourth of a higher degree. Third is also 1.6 times the length of one (log).
March 2020 is roughly one-one in terms of time spent in wave two. Noteworthy at least.
If in a wave four, I'd be looking for price to move to .38 or .5. the 38 has already gone, so we may see 11 cents, but it doesn't have to happen.
Targets for a fifth is anyone's guess, especially when we look at the previous fifth wave of the lower degree.
I'll be aiming for $8 and up to $20. Last thing I'd is to be sitting on XRP in a major wave two.
Note, if I'm wrong and we've already seen five moves up, we could see XRP at a cent. Therefore, not a good idea to buy based only on the forementioned.
March 2020 is roughly one-one in terms of time spent in wave two. Noteworthy at least.
If in a wave four, I'd be looking for price to move to .38 or .5. the 38 has already gone, so we may see 11 cents, but it doesn't have to happen.
Targets for a fifth is anyone's guess, especially when we look at the previous fifth wave of the lower degree.
I'll be aiming for $8 and up to $20. Last thing I'd is to be sitting on XRP in a major wave two.
Note, if I'm wrong and we've already seen five moves up, we could see XRP at a cent. Therefore, not a good idea to buy based only on the forementioned.
Commentaire:
So the 50 was hit right on time back in March. August closed above the 38. If we can keep above the 38 through August, we'll be on track for the fifth move.