Updating my analysis for ripple, we got another breakout and now with btc
showing strength I have confidence ripple can grow with it. In fact ripple tends to recover quicker and faster compared to btc
so we can use this to our advantage. Currently we are forming a bull flag
consolidation after our big wave 3 up with a textbook ABCDE pattern. I have measured the flagpole length to use as a supplement target area along with fib extension. Once we break this ABCDE pattern we should rally to the target area or potentially higher if btc
continues to show strength but makue sure to take profit within the zone.
Please like and follow if you wish to follow this short term hypothetical trade :)
*This is not financial advice and is intended for educational purposes only.*