XRPUSD Elliott Wave Analysis - TradingLounge Daily Chart
XRP/USD (XRPUSD) Daily Chart Analysis
XRPUSD Elliott Wave Technical Analysis
- Function: Follow the Trend
- Mode: Motive
- Structure: Impulse
- Position: Wave III
- Next Higher Degree: Wave I of Impulse
- Wave Invalidation Level:
Details: The five-wave progression of Wave III.
XRP/USD (XRPUSD) Trading Strategy:
The ongoing correction appears to be nearing its conclusion. Consider entering the uptrend following a short-term corrective movement.
XRP/USD (XRPUSD) Technical Indicators: The price remains above the MA200, signifying an uptrend, with the Wave Oscillator reflecting bullish momentum.
XRPUSD Elliott Wave Analysis - TradingLounge H4 Chart
XRP/USD (XRPUSD) 4-Hour Chart Analysis
XRPUSD Elliott Wave Technical Analysis
- Function: Follow the Trend
- Mode: Motive
- Structure: Impulse
- Position: Wave III
- Next Higher Degree: Wave I of Impulse
- Wave Invalidation Level:
Details: The five-wave progression of Wave III.
XRP/USD (XRPUSD) Trading Strategy:
The overall market remains in a corrective phase, specifically within Wave (II), displaying a double corrective pattern. Anticipate a short-term pullback before the next rise in Wave (III). Wait for the correction to finish to rejoin the uptrend.
XRP/USD (XRPUSD) Technical Indicators: The price remains above the MA200, signifying an uptrend, with the Wave Oscillator reflecting bullish momentum.
Technical Analyst: Kittiampon Somboonsod
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