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XRP EWT Channeling to 589 $

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Aloha,

according to Elliott Wave Theory (EWT) we actually are in the orange primary cycle shown below.

By connecting the orange waves (1) and (3) we are near the middle of the green channel. If the cycle has not ended we likely are in a minor (blue) wave B or C of the primary wave (4) that propably will end near the former minor wave 4 (around 0.20 $) where also the whole primary cycle could end with the orange wave (C) - of which the corrected purple channel occurs by connecting waves (2) and (C). That may sound weird but it is still possible to reach such a low between July and September 2018 before wave (5) begins and wave (C) could also end up there (in the picture around one year later but it depends on the steepness of the correction, of course).

Assuming the dip happens this year, wave (5) ends anywhere between the green and purple channel top (see first yellow eclipse) which would be between 7 and 50 $ (our new ATH). This depends on the steepness of wave (5) and therefore could happen between August 2018 and January 2019.

Depending how far the correction (A) (B) (C) of the primary cycle will be (it could reach former wave (4) region again, as stated above) the corrected purple channel will be between the lowest possible (as shown) and highest possible (the green channel) ranges. Therefore we are able to deduce the time when 589 $ are propably exceeded and this would happen between 11th November 2019 and 10th February 2025 (see the three small yellow ellipses) on the new cycle (purple arrow).

Furthermore, this prediction depends on the development of the primary cycle, of course. For example, it is possible that wave (5) could be a truncated fifth wave or that we see a long sideway movement with a complexer correction or a lot of other things that are influenced by the fundamental data regarding XRP.

GA37dVXx.png

Edited by tar

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2 hours ago, tar said:

Aloha,

according to Elliott Wave Theory (EWT) we actually are in the orange primary cycle shown below.

By connecting the orange waves (1) and (3) we are near the middle of the green channel. If the cycle has not ended we likely are in a minor (blue) wave B or C of the primary wave (4) that propably will end near the former minor wave 4 (around 0.20 $) where also the whole primary cycle could end with the orange wave (C) - of which the corrected purple channel occurs by connecting waves (2) and (C). That may sound weird but it is still possible to reach such a low between July and September 2018 before wave (5) begins and wave (C) could also end up there (in the picture around one year later but it depends on the steepness of the correction, of course).

Assuming the dip happens this year, wave (5) ends anywhere between the green and purple channel top (see first yellow eclipse) which would be between 7 and 50 $ (our new ATH). This depends on the steepness of wave (5) and therefore could happen between August 2018 and January 2019.

Depending how far the correction (A) (B) (C) of the primary cycle will be (it could reach former wave (4) region again, as stated above) the corrected purple channel will be between the lowest possible (as shown) and highest possible (the green channel) ranges. Therefore we are able to deduce the time when 589 $ are propably exceeded and this would happen between 11th November 2019 and 10th February 2025 (see the three small yellow ellipses) on the new cycle (purple arrow).

Furthermore, this prediction depends on the development of the primary cycle, of course. For example, it is possible that wave (5) could be a truncated fifth wave or that we see a long sideway movement with a complexer correction or a lot of other things that are influenced by the fundamental data regarding XRP.

GA37dVXx.png

 

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These predictions are great and all. But they don't account for unforeseen things that blow them up. Like: 

What if today CMC changed XRP's volume to "?"

Or So-and-so crypto exchange was hacked for $10 billion.

Or, the EU decided to outlaw crypto sales to individuals.

There's too much uncertainty.  Remember CMC deciding to make S. Korea's volume instantly disappear?  

Edited by Deeznutz
Grammar

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Of course, TA can only show trends and signals but no fundamentals.

There could as well be other unforeseen things like:

  • SEC confirms XRP is not a security.
  • ECB confirms they switch from TIPS to xRapid.
  • Binance, Bitfinex, Bitstamp, Bittrex, Coinbase, Kraken, Poloniex etc. decide to use XRP as main trading pair.
  • etc.

Then wave (5) could possibly be an extended wave breaking out of the green channel directly leading to 589 $ by next Tuesday :king:

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4 hours ago, tar said:

Aloha,

according to Elliott Wave Theory (EWT) we actually are in the orange primary cycle shown below.

By connecting the orange waves (1) and (3) we are near the middle of the green channel. If the cycle has not ended we likely are in a minor (blue) wave B or C of the primary wave (4) that propably will end near the former minor wave 4 (around 0.20 $) where also the whole primary cycle could end with the orange wave (C) - of which the corrected purple channel occurs by connecting waves (2) and (C). That may sound weird but it is still possible to reach such a low between July and September 2018 before wave (5) begins and wave (C) could also end up there (in the picture around one year later but it depends on the steepness of the correction, of course).

Assuming the dip happens this year, wave (5) ends anywhere between the green and purple channel top (see first yellow eclipse) which would be between 7 and 50 $ (our new ATH). This depends on the steepness of wave (5) and therefore could happen between August 2018 and January 2019.

Depending how far the correction (A) (B) (C) of the primary cycle will be (it could reach former wave (4) region again, as stated above) the corrected purple channel will be between the lowest possible (as shown) and highest possible (the green channel) ranges. Therefore we are able to deduce the time when 589 $ are propably exceeded and this would happen between 11th November 2019 and 10th February 2025 (see the three small yellow ellipses) on the new cycle (purple arrow).

Furthermore, this prediction depends on the development of the primary cycle, of course. For example, it is possible that wave (5) could be a truncated fifth wave or that we see a long sideway movement with a complexer correction or a lot of other things that are influenced by the fundamental data regarding XRP.

GA37dVXx.png

And here I thought you're yanking my chain?

 

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2 hours ago, trubbleinmind said:

i love posts that show a zig zagging history and then a straight line for four years to whatever target

:biggrin: The straight line is just the directional trend of the next impulsive cycle within the purple channel.

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