Elliott waves crypto analysis – We’re long for now


We're long for now

Wave Analysis

Ripple is still rallying within the triangular formation and is still not showing any signs of breaking out of it. In the recent past, the price bounced off from the 4 hour support level 0.4532 and is currently on an upward rally. We expect further momentum to the upper side as long as the price is contained above this support. The price should breakout above this trend line and should continue upwards towards 1.3910. But should the price breakout below 0.4532, then we’ll wait for a pullback to the just broken level to pick a short position.

Trade Recommendation.

We’re long for now

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