Ripple Found Support After A Three-Wave Setback

BITSTAMP:XRPUSD made nice three-wave correction back to previous wave IV with (a) = (c) equal legs and hit exactly 1.60 level as we expected. This is actually perfect setup in Elliott Wave theory and exactly, what we are looking for trading opportunities. But we have to wait for confirmation, which is a break above channel resistance line and to be sure we need a break above 2.80 level, which would confirm that Ripple is back in bullish trend . If Ripple from any reason breaks lower beneath 1.60 level, then we may adjust the view.
评论: Ripple is still trading near support line and despite the fall we are still looking to bounce around this support zone, because pattern from 4th January looks corrective. Just keep in mind that we are not bullish yet! We are waiting for confirmations as said above. So, we need an impulsive leg up first, then we will looking for long opportunities.
评论: Nice bounce from support, but we are still waiting for confirmations. On a lower timeframe we want to see five waves up, which would confirm reversal.
评论: Ripple is still trading above strong support, so we still think that Ripple may see higher levels from here, at least for three waves (a)-(b)-(c) up towards 2.5 level. But as said above, if Ripple breaks above 2.8 confirmation level, then we will probably be in a third impulsive wave up towards new all-time highs.
We cover FX and Crypto Currencies
Check out for more at http://www.ew-forecast.com
Any updates? Thanks
ew-forecast doctorkesh
@doctorkesh, we will publish new idea soon, but you can google us and you can find a lot more about Cryptos!
update ?
Yes, tx for the updates. I am also a follower, but the Westernunion and Moneygram news fueled the uptrend and this simply could not be predicted... unless u r an insider...?
I will keep on visiting, keep up with the good job. Tx.
@Tony_Wolf, This commentary box is not big enough I believe to make a respond to this, so only thing that I will say is 1. "believe in what you are doing", and 2. #Elliott Wave is based on crowd psychology and investors mood".

I know crypto is something new, other world of finance, different technology etc., but "Psychology of market participants" remains the same.
Tony_Wolf ew-forecast
@ew-forecast, absolutely right dude! Keep on doing your good work and regards from BG!
casstete ew-forecast
@ew-forecast, they also release news at trendline points to give it more momentum ... I have seen this on few occasions at least
Damn its actually crazy how accurate ur idea is!?! well done man u got my follow!
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出