XRP EW Update 04.10.2021 Will the Expanding Diagonal form properly ? Part Two


Good morning,

October is an interesting month for XRP because we have to see the Expanding Diagonal complete before early November, so October should Rock if the Expanding Diagonal is indeed the correct count. Check my previous posts for more information about this structure.... And please keep in mind that the diagonal is a potential structure at this point and we need to see if form properly in every aspect.

Anyways, thought I would give you and update since my last post....  at that point I was looking for a completion of the "X" and start of another zigzag up. A closer look at the recent price action :

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We had several lows around 90 cents, it's pretty common with bottoms that you have several lows around the same number... so where do you start counting upward? Pretty confusing but I don't think the actual low on Sep 22th was the bottom. There was a tiny and confirmed ending diagonal on Sep 29th and that is where I put the bottom for this X-wave.
From there a potential uptrend starts, and I have to say it's again a pretty confusing structure, but it works as a leading diagonal in the first wave position of A of Y. In other words : so far so good, we just need to see continuation upward after the pullback. A leading diagonal is nice to see here, but needs to be confirmed (as always).

Let me finish with a look at the bigger picture that looks a bit better now that we are back above the 1 dollar level :

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So hopefully we see upward continuation in the next couple of days & weeks.

While I am here, if you claimed Spark in the airdrop on 12th December of 2020 via your ledger you should have received another token named SGB (songbird) by now . Also there have been a lot of other airdrops on the XRP ledger lately, all you have to do is set a trustline via XUMM or the XRP toolkit for the project. 

Till next time.

Xenne 

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xennevdl
xennevdl

trader / crypto investor EW specialist, counting $ES_F & $XRP no financial advice, for educational purposes


XRP EW Price Prediction by Xenne van der linde
XRP EW Price Prediction by Xenne van der linde

EW specialist, many years experience in counting waves counting XRP since the end of 2019 no financial advice, for educational purposes if you wanna support this blog you send some xrp to rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh tag 105818781

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