Elliott wave Ripple analysis
In early February, the XRPUSD market finished forming the linking wave XX as a double zigzag composed of sub-waves [W]-[X]-[Y]. Next, the market turned down and started a new bearish wave. There must be developing a descending impulse. The first impulse sub-wave [1] has completed, and correction [2] is currently unfolding as a zigzag (A)-(B)-(C). This zigzag should finish at a level of 0.874, where wave [2] will retrace impulse [1] by 76.4%.
Trading plan for XRPUSD today:
Buy 0.830, Take profit: 0.874.
Trading plan for XRPUSD today:
Buy 0.830, Take profit: 0.874.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.