XRP EW Update 25/11/2021 A Bigger Triangle (3)


A quick update in regards to the recent price action, meanwhile the price did go a bit lower.

I may have found a solution for the messy and overlapping waves from the last couple of days :

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The idea is that an expanding diagonal started on Saturday. Each leg of the diagonal is longer in time & price then the previous one. This means that some more downside is expected since wave 5 < wave 3 at the time of writing.

Once the pattern is complete we will need confirmation that this diagonal is from the "ending" type and not "leading". A confirmation will come when the diagonal is retraced in less time then it took to form.... 

I have nothing to add to my previous posts in regards to the big picture, I am counting the c-wave of a bigger triangle. For more information check the "A Bigger Triangle" posts.

Good luck.

Xennevdl

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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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