Without finding support above $1.11, expect a 80% drop in Ripple's current price. While I misjudged the final massive pump, the fact that Wave 4 breached Wave 1 yet remains a fact. Consider the current market structure as Leading Diagonal formation (still).
Typically within Leading Diagonals, after Wave 5 completes, the bearish correction returns for a diabolical test within Wave 1's territory. The most supportive price within Wave 1 lies between 0.14 and 0.18 cents.
Currently we are witnessing nothing more than a pump and dump. Not blaming the whales for this, nor giving them credit, as I'm frankly not a believer but its safe to classify the tail end of a Leading Diagonal as 'pump and dump' because that's exactly what happens, every time.
This drop could take anywhere from 45-90 days. Line up your positions now.
Typically within Leading Diagonals, after Wave 5 completes, the bearish correction returns for a diabolical test within Wave 1's territory. The most supportive price within Wave 1 lies between 0.14 and 0.18 cents.
Currently we are witnessing nothing more than a pump and dump. Not blaming the whales for this, nor giving them credit, as I'm frankly not a believer but its safe to classify the tail end of a Leading Diagonal as 'pump and dump' because that's exactly what happens, every time.
This drop could take anywhere from 45-90 days. Line up your positions now.
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