Xrpusdidea
XRPUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A complete review of the popular Ripple currency in Elliott stylAccording to the complete review I did on the previous rising trend, I came to the conclusion that this rise was done during a complete wave (ABC).
as a result :
We have to wait for the completion of a full 5 waves.
According to my research, we are now in wave 3 of decline.
Wave 3 itself is an extended wave and 5 waves, which has already completed 3 waves out of 5 waves and we are currently making wave 4 from wave 3.
This wave is erosive and with many fluctuations.
Wave 4 itself moves in the form of (ABC), which is currently being created as wave (A).
Make the most of the fluctuations of this wave.
Note: This trend is a trend (ND.A), so if you use Fibonacci, the safest level to take the price floor is 50%.
In this trend model, we see high volatility and large price shadows, so if you use 50% fibo, set your loss limit to 83%.
(be successful and profitable)
playing xrp... you can use the chart detail to design your own strategy, maybe the realitywill come out diffrently ,steel this pattern depend on chart pattern, past xrp behave ,overall condition of market,
so it can help you to know focuse in wich price level, you should consider on your own strategy.
NOT FINANCIAL ADVICE,