XRP: Local Minimum Approaching

17 feb 2020

So it looks like the A wave of the correction has come into full fruition and is in the process of changing its momentum to begin the B wave of what looks to be a 535 zigzag. You can tell on the 30-min that the ichimoku cloud has gone into a bullish position by looking at the recent TK cross and the lagging span crossing above the price point, where usually the cloud follows into a bullish position as well.

I'm guiding my EWs based off of the momentum and points of support and resistance.

I hope you enjoy the "buy" lines that I've drawn and that you use them at your discretion.
I recommend coupling this knowledge with the ichimoku cloud so that you can judge whether or not our price will actually meet or go beyond my green buy lines when the time comes.

Until we become millionaires,

-LB

17 feb 2020

Nota

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