I'm listing an accumulation zone and a target area. XRP had an impulse 3rd wave as BTC broke out of its bullish triangle this morning. Wave 1 retraced to the .5 Fibonacci levels, so we could see Wave 4 anywhere between the .326 and the .786 levels. Target is a between a .786 and a 1:1 wave 3 extension. Stack accumulation buys and target area sells accordingly.
Comment:
So far, we've seen an almost perfect bounce from the .5 fib level.
Comment:
.618 fib level*** that should have said.