As usual I'm new at this and here to learn so please feel free to teach me away.
Kommentera
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It did recently bounce at $2.20 so if I'm right (hopefully) it should now go for the new ATH of around $3.6 (Bitfinex). Let's keep watching.
Handel aktiv
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Correction finished. A lot happened in the past few days, the market had a huge correction and XRP broke past the $2.20 mark. I hope you load up on the dip to maximise profit on this next wave up. Good luck
It will go for the lower bound in the channel, but further than that... Around 2.6 - 2.4
MedinTrade
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@sezcurra, I see where you mean, do you mind explaining me the reason please. Thank you
sezcurra
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@MedinTrade, well, right now I don't know if it will complete the ABC retracement...theory says that, from 3.2 when it started going down, it would retrace 0.382 according to Elliot wave count. that is around 2.6. But actually, right now I think it is deciding between completing the retracement (the C Wave that is missing), or keep going up (which would be very bad....for me :) )