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January 05, 2018, 02:59:29 AM |
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XRP has found cap on $ 3.3
An elliott wave count seems to mark the end of a wave 3, the price has already fallen back around 23.6%, indicating that we can be in the process of wave 4.
For Wave 4, a kickback of 38.2% would be expected (around $ 2.1) but the level of sub-grade 4 of a lower grade is above $ 1.8, a level that coincides with 50% of retreat so it is a level to have very account!
But in the verticality of the impulse I would not be surprised if it fell into a case similar to that of IOTA where a lateral consolidation has had many frustrated selling to the most patients, do not discard then a correction of the shape of a triangle, very much desired by the crypto.
Anyway, there is still one more impulse missing, an impulse that in my opinion could be between $ 4.1 ( 61.8% ) and $ 5.3 ( 100% ).
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