Ripple And Bitcoin Cash Trade Could Break Lower
Gregor Horvat | Nov 17, 2021 06:59AM ET
Ripple is trading lower as expected, but the wave structure is still mostly sideways, so considering the triangle pattern in wave B, a new intraday recovery for sub-wave E may not be far away. Keep in mind that bears may now easily take the lead.
BCH/USD is trading lower as well and wave C has unfolded. We are now tracking wave D that can stop around the lower triangle line and $577 area, from where we will have to be aware of a new intraday recovery in wave E to complete a triangle within a higher degree wave (B) before real sell-off into wave (C).
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