$XRP
is doing everything as planned.
We nailed the bottom.
Wave 1 in a 5-wave move up is completed (unless wave 5 turns out to be extended).
Now, Wave 2 correction we were waiting for got into our Green box entry zone, and retraced just below the 0.5 fib.
This is a good partial spot entry if you want to be on the safe side.
If the following bounce that’s coming after a 4h bullish divergence is a 3-wave corrective move up, then this will be wave B of Wave 2, and the current leg down was only wave A, and we will go lower.
In this case, I will wait for XRP to retrace deeper into our Green box in wave C, and fully complete an ABC Wave 2 to enter a Long before the strongest Wave 3 starts.
Do you think Wave 2 correction is completed, or does it needs to go lower first?
is doing everything as planned.
We nailed the bottom.
Wave 1 in a 5-wave move up is completed (unless wave 5 turns out to be extended).
Now, Wave 2 correction we were waiting for got into our Green box entry zone, and retraced just below the 0.5 fib.
This is a good partial spot entry if you want to be on the safe side.
If the following bounce that’s coming after a 4h bullish divergence is a 3-wave corrective move up, then this will be wave B of Wave 2, and the current leg down was only wave A, and we will go lower.
In this case, I will wait for XRP to retrace deeper into our Green box in wave C, and fully complete an ABC Wave 2 to enter a Long before the strongest Wave 3 starts.
Do you think Wave 2 correction is completed, or does it needs to go lower first?