Here we have XRP on the weekly chart. Unfortunately, As we can see, Ripple was one of the cryptos which retraced the most. To almost a 100% of wave 1!
After 5 minor waves up, so far we have an ABC type of correction. If we assume that we are done with the correction, we can anticipate the start of wave 3 which is often the longest wave! However, we could get an ABCDE correction also. In both cases, we can target minimum x1.618 or 2.618 of wave one for wave 3.
If we have a look at MACD indicator, we can see a slight bullish divergence. This could be a good sign of bullish trend in a long term:
6 to 12 months Target:
5.5 - 8.5 $
* Let me know your thoughts in the comment section. What do you think the price of XRP would be by 2019? *
~~~~~~~~~
Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
After 5 minor waves up, so far we have an ABC type of correction. If we assume that we are done with the correction, we can anticipate the start of wave 3 which is often the longest wave! However, we could get an ABCDE correction also. In both cases, we can target minimum x1.618 or 2.618 of wave one for wave 3.
If we have a look at MACD indicator, we can see a slight bullish divergence. This could be a good sign of bullish trend in a long term:
6 to 12 months Target:
5.5 - 8.5 $
* Let me know your thoughts in the comment section. What do you think the price of XRP would be by 2019? *
~~~~~~~~~
Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
