zmassey

Wave 5 ended at 0.28 XRP/USD, Time for an Upward ABC correction.

Lång
BITFINEX:XRPUSD   Ripple
I'm no expert in Elliott Wave theory but it just occurred to me that one of the main rules of Elliott Wave theory is that wave 3 cannot be the shortest of the three impulse waves. This means that wave 5 ended at 0.28 in February. If wave 5 is still in motion then that means wave 3 is the shortest wave, which would totally invalidate elliott wave theory. So based on Elliot wave theory I'm bullish on the basis of an upwards ABC correction from here. Also, think about the macro picture and how SBIVC, Temenos, R3 and many other institutions are all gearing up their engines for production in March.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.