Ripple Cooling Off

Looks like we're still having the simple ABC . My subwave count was just wrong which gave me a slight bias and confused me as to what was going on. We had already completed Wave A and seem to have just finished Wave B too. Now that we're on target again, Wave C should still complete between the 0.382 and 0.5 Fibonacci Retracment. I think when Bitcoin finally corrects it will bring the rest of the market down with it and Ripple will get the 0.5 Retracement that would be good for the long term health of the coin. But a 0.382 is still possible.

Target for bottom of wave C between $0.75 and $0.69

I also left a little teaser for a possible target for future Ripple prices using extrapolation. Enjoy !

If you would like to see how this plays out here is the link to my idea on TradingView
https://www.tradingview.com/chart/XRPUSD/TSNN74q5-Ripple-Cooling-Off/

I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management!

Feel free comment any questions or chart requests you may have below. Happy trading!

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