zameericle

XRPETH Flag Forming and it points to good news...

BINANCE:XRPETH   Ripple / Ethereum
Looks like XRPETH             on binance is trending towards 0.0042ETH.

ofcourse I'm open to feedback on my analysis.
Didn't we just finish the 5th elliott wave? Are we looking for an ABC correction?
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zameericle dcardona1
@dcardona1, looking at the 1D view, I'm not so sure. I see the 5 steps of the elliot wave, but I also see ABC moving up and not down.
to be fair though, this is the first time I'm learning about elliot waves.
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How sure r u
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zameericle VinMoney
@VinMoney, I wouldn't bet the farm on it ;) as I'm getting into analysis; but the flag does also look like a falling wedge which could mean a breakout is about to happen; it's just a matter of when. Where I'm uncertain though is that the flag shows a downward trend in the 4hr view that makes it seem like the gains over the last 4 days have been lost -- but still depending on when the breakout happens, if at all, I do still feel that we'll be higher than 0.035 at some point...

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