Ripple - Daily Update - $XRP (Alternative Count "Wave 3")
Bottom Line: Favoring higher against 0.2197.
Key Levels: Below 0.1890, 0.2197, 0.2287 Above 0.3039, 0.3272, 0.3440
Outlook: Considering a second wave correction ended and the early stages of a third wave rally have begun against 0.2197.
Analysis: The less than impulsive wave structure from the current pullback low at 0.2450 keeps us from confirming the end of the setback. For that reason, we can't rule out a further low before the larger advance resumes. At this stage, only very impulsive price action above 0.2675 would shift the odds in favor of a completed correction.
Key Levels: Below 0.1890, 0.2197, 0.2287 Above 0.3039, 0.3272, 0.3440
Outlook: Considering a second wave correction ended and the early stages of a third wave rally have begun against 0.2197.
Analysis: The less than impulsive wave structure from the current pullback low at 0.2450 keeps us from confirming the end of the setback. For that reason, we can't rule out a further low before the larger advance resumes. At this stage, only very impulsive price action above 0.2675 would shift the odds in favor of a completed correction.
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ملاحظة
XRP - Weekly Bottom Line: Watching for an eventual break of 0.3440.
Analysis:
Ripple has also been in recovery mode, establishing a pullback low at 0.2287 this past week. For the upcoming week we'll be looking for it to continue to advance, with the next big challenge sitting at 0.3049.
ملاحظة
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.تم فتح الصفقة
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ملاحظة
Analysis: The break above $0.7941 signals the fourth wave triangle consolidation is complete, and the move puts RIPPLE back on track to challenge the next upside hurdle. The bulls are in control while $0.2193 - wave ii - stays intact as support.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.