$XRP is showing a pretty clean Elliott Wave structure from the recent high.
We’ve seen a five-wave decline, with Wave 3 extending to roughly 2.618× Wave 1, followed by an ABC corrective bounce.
If that correction is complete, the next bearish leg could push below the previous low.
From the bigger-picture view, two scenarios remain on the table:
1️⃣ The five-wave drop was Wave A of a larger ABC correction.
2️⃣ It was Wave 1 of a broader five-wave bearish impulse.
For now, structure is the key. Let the price action confirm the count instead of forcing a bias.
Watch the levels, manage risk, and let the market reveal the next move. 📉
#Rivencoin #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #SKoreaFSCConsidersVirtualAssetMarketMaker
$QNT
$SOL
We’ve seen a five-wave decline, with Wave 3 extending to roughly 2.618× Wave 1, followed by an ABC corrective bounce.
If that correction is complete, the next bearish leg could push below the previous low.
From the bigger-picture view, two scenarios remain on the table:
1️⃣ The five-wave drop was Wave A of a larger ABC correction.
2️⃣ It was Wave 1 of a broader five-wave bearish impulse.
For now, structure is the key. Let the price action confirm the count instead of forcing a bias.
Watch the levels, manage risk, and let the market reveal the next move. 📉
#Rivencoin #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #SKoreaFSCConsidersVirtualAssetMarketMaker
$QNT
$SOL
