RIPPLE (XRP): The Rally Path

SUMMARY

Everyone beats on Ripple because they say it's the evil bankster coin....regardless, it adheres to the culmination of pattern, Elliott Waves and indicators. The below chart shows that the weekly MACD is flattening and that is being led by the higher lows of the historgram. The next likely step will be for the white line to start curling upwards.

The projected pathways of the moving averages could target a potential buy signal at around June or so.

The price should rise and keep rising in an impulse driven manner. The vigor of the rise will likely become more violent into June, which is when wave 3 should be in progress.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

H2
H3
H4
3 columns
2 columns
1 column
Join the conversation now