Hello everyone There are two scenarios to consider 1) three waves 1-2 of different fractals 2) impulse in the form of a diagonal (shown on the chart). As per scenario 2 my basic target for the full impulse in the larger wave 1 is around $420 As soon as price moves on, we will see what scenario is unfolding. I think that as Bitcoin goes into correction (to my mind, it is already there before the higher high), a lot of traders will fix profits in btc and buy ETH and XRP, as they are at very attractive positions as from the standpoint of R/R, as well as from the large wave structure. PS. Globally BTC is heading into the larger fifth wave (last wave of the impulse on the daily/weekly). XRP, on the other hand, is completing only the second wave of the same degree. Good luck!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.