XRP
Long
Updated

XRPUSD—Possibility of Wave (2) completion

425
Trend: Uptrend
EW No.: Wave iii in circle to Wave iv in circle

Note: Usually, Wave 4 will complete based on possible corrective patterns. Watch for completion of Wave 4 before going to Wave 5.

This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
Trade active
EW on LTF chart

snapshot
Note
As I see first pattern is zigzag, then I believe the correction will become complex wave, a combination of triple 3 patterns. Below is my first view. What will happen I don't know.

snapshot
Note
This is the latest pattern that I see. A triangle. If this single triangle pattern not be continued with combination of other patterns (complex), then the next wave is 5 small waves to complete Wave (v).

snapshot

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.