alex_veg

XRP: further bullish confirmations

BITSTAMP:XRPUSD   Ripple / Dollar
I think to have spotted another additional signal that can confirm us the continuation of a bullish trend .

Let's watch closely the square on the left side of the chart. It mark the correction wich took place between Dec 22 and Dec 26. It is a triangle correction. The same correction gave us the last ATH             .

Now if we copy that square with his trend lines and his wave count, and we put everything over the current correction we will see that they are almost identical.
Same hight, same lenght (till now) and almost the same pattern.
It could be a fractal .

If we consider that "correction 1" gave us tht massive surge in price, we can be sure to expect the same once the correction will be completed.

The first wave up will get prices between 3.30 USD (exacltly as the hight of the wave III             of Dec 30) and 3.70 USD ( at Fib 3.618, as it did before).

After that a small correction will take place, once done XRP will reach, and probably pass the 4.00 USD.

Ý tưởng liên quan

I think the vertical sloping forward line in the zigzag between A - B may denote the upward angle that may be assumed in the next surge.
Phản hồi
update please ?
Phản hồi
Looks kind of more like H&S, but who knows...
Phản hồi
i Believe in what you said but i have a reservation want your feedback on that, the triangle formed in second square is descending triangle which indicates bearish future however your first triangle is nearly symmetrical triangle which indicates bullish future. How you will defend your analysis in this scenario? Looking forward for your reply Regards
Phản hồi
alex_veg attique315
@attique315, I agree with you. In this case seems we are going to have a descending triangle, furthermore probably is going to take much longer then expected, as wave d seems still in play.

Anyway, the target will be the same. In fact descending triangles doesn't mean a bearish scenario. A bullish or bearish scenario depends from the wave count and not from the shape of the triangle correction. If the triangle has 3 waves down (a, c and e) and 2 up (b and d), as in this case, that means bullish. While if the 3 waves are up (a, c and d) means that the outlook is bearish.

Even though this seems to me as the most probable scenario, only at the end of wave d we are going to have a definitive confirmation of this pattern. An alternative count is always necessary.
Phản hồi
attique315 alex_veg
@alex_veg, Thanks for replying back, let see what happens, my Prayers for Bullish. Thumbs up for analysis
Phản hồi
I have same predictions, hope it will happen.
+1 Phản hồi
RIP Ripple
Phản hồi
@nixel, far from RIP ripple, more like, Long live XRP, the San Fransiscan Prince of the West.
+2 Phản hồi
maybe you're missing something? like that giant head and right shoulder forming?
Phản hồi
Tiếng Việt
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
日本語
한국어
简体中文
繁體中文
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng biểu đồ Điều khoản sử dụng Người điều hành Giải pháp Website & Môi giới Widgets Thư viện biểu đồ chứng khoán Yêu cầu tính năng Blog & Tin tức Hỏi đáp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh hồ sơ Tài khoản và Tính phí Tickets Hỗ trợ của tôi Liên hệ hỗ trợ Các ý tưởng đã xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất