XRP
Education
Updated

"Pulse" of an asset times Fibonacci: XRP's perfect 4.236 wave

1 263
XRP in a Picture Perfect example of an "Impulsive Wave".
Peaked at most common extension for "Wave EndPoint".
Retrace to be observed for gauge of "Trend Strength".

This is part my ongoing series to collect examples of my Methodology.

.

Ordered Chaos

every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.

each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.

every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.

He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.

Ordered Chaos

.

.

want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Note
Looks to be rejecting from the 3.618 snapshot

.
Note
Possible "Double top" at the 4.236 snapshot Watching closely here, breakout could be big spike, rejection could be just as big on the way down.

.
Note
Pierced the 4.618 but pulled back immediately snapshot I think XRP is nearing a top, perhaps to the 5.236 yet and then retrace?

.
Note
Back up against Band 3 snapshot But I would have prefered NOT piercing the 2.618, yet bounce before the 2.236 is still pretty bullish.

.

Disclaimer

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.