Technical analysis by amourification about Symbol XRP: Buy recommendation (12/24/2024)
https://sahmeto.com/message/3096776

amourification
Rank: 5442
Analytical Power:
1.7

Hear me out.Santa is coming this year.Let's assume that the correction is over for the Christmas' sake, in a simple ABC zigzag, and we the low set at $1.9 was the local low.Right now, we could be simply in the beginning of the final impulse in 2024.From my point of view based on the subwave count, we could be waiting for a wave (3) of the intermediate degree to take out the ATH.How confident can I be in this scenario and the Santa rally?Not so much. Unless BTC retakes 100K, stabilizes around there, and the dominance relaxes to allow the altcoin market to breathe, I'd still assume we are range bound in a wedge.
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Signal Type: Buy
Time Frame:
1 dayProfit Target:
$4.2Price at Publish Time:
$2,307