XRP/USD - 1H - Triangle formation before last leg up?
Hello traders and investors,
Today we look at XRP/USD 1h timeframe. If we consider July 20th completion of intermediate wave 2 (blue), I think we are about to complete minor wave 1 (red) of a potential extended intermediate wave 3.
If this analysis will play out, the last leg (minute wave 5 of minor 1) will complete this cycle around $1.88, which is close the 0.618 line of the pitchfork line, and the recent high of $1.96 on April 14th.
Let's see what will happen
Today we look at XRP/USD 1h timeframe. If we consider July 20th completion of intermediate wave 2 (blue), I think we are about to complete minor wave 1 (red) of a potential extended intermediate wave 3.
If this analysis will play out, the last leg (minute wave 5 of minor 1) will complete this cycle around $1.88, which is close the 0.618 line of the pitchfork line, and the recent high of $1.96 on April 14th.
Let's see what will happen
Ordre annulé
Analysis needs to be amended. Wave 5 minute green was shortened than expected. Probably Minor 1 red is complete for wave 2 ABC correction.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.