SUMMARY
Ripple has SURGED and many fear that it'll crash back down to where it started. This fear is palpable. I'd like to propose that awareness keeps the fear and panic away. Fear driven trades and investments always get aligator teeth style volatility.
The below chart is my primary count. I believe there are higher highs to go. The current correction is forward discerned to morph into an a,b,c,d,e triangle. Why? Cryptos LOOOOOOVE triangle patterns. Look at how many triangles were patterned before the surge. If so, target is $1.33
Here is a close up of the chart pattern. The a,b,c,d,e has much more clarity when viewed at this higher resolution. The price is already moving up to most likely complete the b wave of an a,b,c,d,e triangle.
I've now added the a,b,c,d,e label. Very enticing!
My alternate is that a classic a,b,c correction ensues. If so, it could be like below. Now, path is different but the $1.33 destination wouldn't change.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**