We see a diagonal pattern in the process of its completion, that is likely a wave C in a larger three-wave corrective pattern. To complete the ending diagonal, price is expected to make a lower low, this, forming a 5-waves sequence (implying a 20% decline).
Ending diagonals may have a truncated 5th wave, just in case…
What will bring this pattern to a completion? Two options:
1. Completion of an ending diagonal on XRPUSD
2. Near-term strong trend by ETH.
You may also watch my prior post re XRP within the broader context.
Good luck!
Ending diagonals may have a truncated 5th wave, just in case…
What will bring this pattern to a completion? Two options:
1. Completion of an ending diagonal on XRPUSD
2. Near-term strong trend by ETH.
You may also watch my prior post re XRP within the broader context.
Good luck!
