Despite the great news of partnership announcements with Moneygram and others, Ripple is just coming out of a Head and Shoulders trend. I expect the trend to continue downward for another few days. Notice, if you were to take the large green candle breakout off the chart the trend is downward continuous. I believe that the spike was just due to the GREAT...
TRX had a classic and very rapid 12345 Elliot wave followed by a basic ABC correction which was very healthy. I do not think that it will start a new wave until tomorrow, shortly after Korea wakes up. First target is the first resistance level as shown. After a short resistance at that level, Trx will increase to at least the next Fib level. Thoughts?
I see a falling wedge finishing up it's course and from what I see it will continue it's bullish path up. After it reaches the first target the old 38 percent fib line from the last drop will become the new support. Thoughts? We'll see how it plays out!