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cbistriceanu

The new cycle is taking shape on the daily chart! EW Theory

Long
XRP (BITFINEX:XRPUSD)  
cbistriceanu  
BITFINEX:XRPUSD   XRP
Trend Analysis Wave Analysis Chart Patterns xrp xrpusd Bullish Patterns LONG
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trendanalysis waveanalysis chartpattern xrp xrpusd bullish long
After a classic ABC corrective waves we now seem to have a first wave completing and then waiting a second. A small pull back should be expected but I would not see it going lower than $0.3850. On the daily chart of XRP\USD we have 50MA about to touch and cross the 200MA which in TA terms means is defined as a "Golden Cross". That is a very bullish sign and we should see an impulsive third wave.

Idee correlate

cbistriceanu
Are we going to push further down or up?
cbistriceanu
Elliot Wave completed along with the ABC correction! Where now?
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