Technical analysis by fahad924 about Symbol XRP: Buy recommendation (1/6/2025)

HiIn the ABCD pattern, the CD ratio relative to the AB leg is determined by how point C is determined and how far it bounces off point B. If the bounce from point C is at a 61% Fibonacci level, the CD leg is usually at a certain ratio relative to the AB leg. Common ratios in this case include:If point C is at 61.8% of the AB leg, the common ratio for the CD leg is either:161.8% of the BC leg (Fibonacci extension). Or it may be equal to the AB leg (100% ratio). The Fibonacci extension tool can be used to determine CD targets more accurately. The most common ratios are:127.2%.161.8%. And sometimes 200% or more depending on the market momentum. Notes:These ratios vary depending on the type of market (trending or volatile) and the magnitude of the momentum. It is always better to use other analysis tools (such as candlestick patterns or momentum indicators) to confirm the targets.,