No it's not dead but it's likely not finished with this correction. Too good a count to not take a run at the short side. I'm a long-term bull on Ripple, if you've wired money lately (like when buying Bitcoin
) you've seen the SWIFT protocol in action. Ripple is the Blockchain solution to that relic. It has a high probability of adaptation as more and more banks transition to the blockchain. However, An e-wave trader gotta trade the count before them... this will be a beautiful buy when it finishes the last leg of this C-Wave
but until then I'm on the short side. Nice 6-to-1 risk/reward for your target. And note the overlap on the wave-5 projection with the 1.272 app of wave A from wave B and the -23.6 from the wave-4 pivot
. Stop is tight just beyond the 61.8. I'm in...