As the consolidation continues - Ranging Creates amazing opportunities to Short and Long because of the ~5,000 point area that is mapping.
Tension is rising in the market, as you will see the Harmonic Waves becoming smaller; still maintaining similar structure.
Blue Boxes - 1st Box is Wave #4 which could potentially break-out. 2nd box is a second entry point back into Target 1 to move to Target 2.
"Look Left, Structure Leaves Clues" is something I learned years ago on the Forex market . While fundamental analysis has more pull than technical analysis for Crypto, especially at this time, technical analysis still remains essential and fib levels are still respected.
Growth from May compared to Growth from Early April is roughly +2.5x of the Growth from April. Growth from now on, compared to from Early May... being at 2.5x the May growth is pretty outlandish, so I would refer to the targets for now and not even think about that type of expansion due to sheer volume required to get there.
@cyberholz, Whatever you feel comfortable with. If you are holding for a while, like 1+ month, then buy and set stop below long-term support line
cyberholz
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@nlizotte, Looks like a level around 27 to 29 U.S. cents is found. As you know XRP moves are quite powerful, so yes we're consolidating and more money continues to flow into cryptos and BTC keeps rising. That tells me which direction XRP will go.
wasgyo
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Muy interesante y bueno tu puntos de vista excelente análisis técnico y fundamental