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Elliott Wave analysis: Ripple and Bitcoin cash trade into triangle

Elliott Wave analysis: Ripple and Bitcoin cash trade into triangle
Gregor HorvatGregor HorvatWavetraders

Ripple, XRPUSD is coming nicely lower as expected, but the wave structure is still mostly sideways, so considering that triangle pattern in wave B, a new intraday recovery for sub-wave E may not be far away, just keep in mind that bears may now easily take the lead.

Ripple 4h Elliott Wave analysis

Ripple

BCHUSD is coming back down, so wave C is completed, and we are now tracking wave D that can stop around the lower triangle line and 577 area, from where we will have to be aware of a new intraday recovery in wave E to complete a triangle within higher degree wave (B) before real sell-off for wave (C) shows up

Bitcoin cash 4h Elliott Wave analysis

Bitcoin Cash

Check more of our analysis for currencies and cryptos in members-only area. Visit EW-Forecast for details!

Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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