Ripple has been forming a triangle for the last 5 months, with higher highs and lower lows, building a ton of energy. If the triangle breaks above its upper trade line, about 27 cents, its minimum upside target would be about $0.49 cents (amount calculated by adding the longer distance of the triangle to the breaking point). But that is a conservative estimate, much likely it could reach the $1.00 dollar mark or more.
Breakouts of a triangle are usually fast and with high , so it should reach its target quickly. Last time it took 2 months to rise from one cent to 40 cents. Will see this time.
Conservative Trade should be: Buy once it's touches $0.28 dollars, with stop at $0.18. Selling 50% once it reaches $0.48 cents, and leaving the other half to see if it reaches $1.00 dollar or more.
Long Term Count suggests we are in Primary Wave 4, of its first cycle wave. With wave 1 rising from $0.002901 on August 16, 2013, to $0.057516 on December 02, 2013 (19.82 to 1 ratio), wave 2 declining from $0.057516 on December 02, 2013, to $0.005495 on March 01, 2017, wave 3 rising from $0.005495 on March 01, 2017, to $0.414795 on May 17, 2017 (75.48 to 1 ratio).
If wave 4 ended on October 24, 2017 at about $0.183 dollars, at it rises 0.618% the ratio of wave 1 (19.82), that will mean it will have to rise to 12.25 times its low of $0.183 which would be equal to $2.24 dollars. Not impossible given Ripples fundamentals. Will see how much it rises from here to the middle of December.
Also, it is very close to giving us a MACD buy signal on the daily chart. We’ll see.
Good Luck to You
I’m still holding, and still believe we will see a big move up to the end of the year. But on the near term, it seems that as long as Bitcoin weeks rising, Ripple and most of the Alt. Coins will remain week.
Good Luck in your decisions