Hello
I took another look at the recent price action. You may remember from my previous post that I had the recent advance as an abc structure, potentially part of a leading diagonal in the first wave position... However, I noticed that my count had a degree issue, I then came to the conclusion that the advance can work as an impulse wave after all.... I immediately informed my twitter followers. it's nice to see 5 waves up, that is a positive sign! When you have five waves up there will be at least another five up at some point....
As shown above we have five waves up from the truncated low. Now let us concentrate on what happened after the impulse wave... It appears to be a double zigzag down with a triangle in the middle for the "X" sequence. So that puts us in a terminal "C" (unless the double becomes a triple) that should finish wave 2 - so this could be an important low for XRP and the real start of ALT-season... However I still expect one big sell off before we go parabolic, the X wave of higher degree, but first we have the finish this zigzag.
No change to big picture so check the previous post if you wanna know how this structure fits in....
Good luck!
