Hello, everyone!
Let's continue to practice in Elliott Waves by Trading Chaos.
I found the potential long trade on XRP. We can see that global Waves 1 and 2 have already finished with the classical 1-2-3-4-5-A-B-C cycle. Now XRP is in the Wave 3.
Look inside the Wave 3
The Subwave 1 of Wave 3 have been already finished and now the price formed clearly A-B-C-D-E triangle correction. Subwave 2 have already reached the target zone and formed the full cycle. Now the price is ready to explode in Subwave 3.
The target for the GLOBAL WAVE 3 is $1.75 and now there is very nice entry point!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.