I am typically looking at XRP/BTC but I decided to take a stab at XRP/USD. I noticed a fractal pattern between the last two spikes. It seems to exhibit a wave pattern downward before filling the triangle and then spiking up. If this plays out like it did in the last wave, I would expect the price to slowly decline to around $0.16 before spiking nearly vertically up to $0.22 (approximately 37.5% gain if you are able to catch the bottom). I wouldn't say go long or short, but I think it is interesting to see fractal patterns play out, and I wanted to watch this to see if it played out. I still think we are heading towards a big move prior to the Swell conference on October 16th (see my referenced idea below). Let me know what you think in the comments below. Thanks and good luck trading!
