SUMMARY
RIPPLE (XR) has great price destinations and I'd like to share that projected price pathway with you using my Elliott Waves & Chart Pattern Recognition Algorithm.
The below chart is a mess of prior labels of waves and patterns. Ignore this chart. Not it was incorrect but too busy with labels. The video analysis takes you through why a clean chart, free of prior markings are ideal for a Technical Analyst.
The below chart has redrawn the Chart Pattern such that it is an a,b,c,d,e correction. IF the e wave is complete, then we can expect prices to breach out of the triangle and start impulsing upwards as shown by the blue waves.
The white wave 1,2,3,4,5 is the longer term count and the target is $1.074 or more than 500% profit potential! That is MASSIVE!!
Take a look at the chart of ETH. The simlarity to Ripple is uncanny! These are not accidents! The video has tons more details and the audio is helluva lot better.
Please consider reviewing these Tutorials:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Just amazing !!!
Thanks @haejin
I'm holding some ripples at -40% atm (btc) good to know that i just have to keep holding, that was the plan :))
Beiker - This is definitely a long term hold. IMO you will need to hold 7-10 years to see full maturation. A representative from Ripple indicated they believed XRP's price will eventually cap-out at $20-$30 dollars per unit. If you would like to know a little more about Ripple's XRP I highly encourage you to join their subreddit page. It is a very informative page I have learned loads from. Happy trading!
Just got 4K XRP. Looks like everything set to go up as soon as BTC starts to go up! Thanks Haejin!
I also heard about ripple from one of my friends,and he insisted me to invest in it. But I'm still confused and think I would wait a bit before investing.
While waiting, please consider studying the Principles of Elliot Wave book. This book link is at bottom of blog. I STRONGLY recommend this text.
It is currently only trading for 0.20/unit. Of any company working on block chain technology I believe they are the farthest evolved by at least 5 years. Now, with IBM backing Stellar (XLM) there is a chance they could catch up to Ripple; however, Ripple already has international banks using their hyperledger software. Their next step will begin getting banks to adopt XRP for intercontinental money transfers. Honestly, I believe if it probably wise to invest in both Ripple and Stellar. Both companies are competing for the same customer and I believe both will eventually increase by much more than they are currently selling. Happy trading!
Finally! I bought 10K ripple at 16 cents somewhere around July, now this is the post that makes it wroth the wait :) Alot will be coming your way once this is achieved, do you think a big drop will be after that 1$ target?since the amount of XRP is quite high.
True there are roughly 100 billion XRP units and many will argue that it will never see the heights BTC has recently shown. I don't disagree with that belief. As stated above, I feel XRP will top out somewhere between $20 - $30 dollars per unit (as previously stated by a representative from Ripple). With 40k units ($8k investment), if XRP reaches $25/unit in 7-10 years you will be able to join the Lambo club!
I agree with your analysis, you can soon expect a good bullish trend
That's huge. Hope you're right
@haejin I still have not had my first steemit application approved. It is possible to get instant account at https://anon.steem.network/
Cost is .004 BTC / .3 LTC / 10 Steem
Thanks! I'll let the youtube followers know this. Very helpful.
Yeah it is possible, you won't have to wait indefinitely. It fast
Great chart and analysis. Let's hope XRP gets there soon!
Thanks haejin....great analysis..i wrote an article on Ripple a few months ago..many of my friends told me i was crazy, but when you read about the tentacles Ripple has already rapped their hands around in the financial sector it's staggering to see what they have done already....we shall see ..the show should be great
Can you provide a new update for XRP? I am currently holding more than 10k coins. However, these XRP aren't really doing anything for me. Not sure if I should just sit patient and wait or dump it now and go into something else...