Crypto Contest Of The Day: Ripple

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·@maarnio·
0.000 HBD
Crypto Contest Of The Day: Ripple
Ripple has broken out of the wedge pattern in the one-hour chart.
https://s9.postimg.org/mu1dxeuwf/nimet_n.png
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Ripple is currently in the wave five in the four-hour chart. The wave one started on the October 11, and finished on the October 14. The wave two correction ended on the October 16, and the wave three advance finished on the October 20. The wave four correction ended on the October 22. If this wave count is correct, Ripple should be heading next towards the October 20 peak.
https://s18.postimg.org/kxil7hpzt/nimet_n.png
(Chart courtesy of Tradingview.com)
Looking at the daily chart, Ripple is currently most likely in the wave three (sub-wave iii). The wave one started on the September 9, and finished on the September 15. The wave two correction ended on the September 20. 
https://s22.postimg.org/u2nbedjpd/nimet_n.png
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Ripple.
https://s17.postimg.org/7zbxkykfz/maarnio.png
If you think this analysis is correct, upvote this post and upvote the comment "Ripple will takeout the October 20 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ripple will drop below the October 22 low".
You can upvote the comment until 10 AM EST October 26 and you can upvote only one comment. 100% of Steem (0.114 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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