Elliott Wave Analysis TradingLounge Daily Chart
Ripple / U.S. Dollar (XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next Higher Degrees: Wave I of Impulse
Wave Cancel Invalid Level:
Details: The five-wave increase of Wave III
Ripple / U.S. Dollar (XRPUSD) Trading Strategy:
The wave (2) correction seems to have completed, with a strong likelihood of the price continuing upward. Traders should look for opportunities to enter the market as Wave (3) progresses in the uptrend.
Ripple / U.S. Dollar (XRPUSD) Technical Indicators:
- The price is trading above the MA200, signaling an uptrend.
- The Wave Oscillator is showing bearish momentum.
Elliott Wave Analysis TradingLounge H4 Chart
Ripple / U.S. Dollar (XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next Higher Degrees: Wave I of Impulse
Wave Cancel Invalid Level:
Details: The five-wave increase of Wave III
Ripple / U.S. Dollar (XRPUSD) Trading Strategy:
It appears the wave (2) correction has concluded, and the price is likely to advance further. Consider joining the uptrend of Wave (3).
Ripple / U.S. Dollar (XRPUSD) Technical Indicators:
- The price is above the MA200, indicating a continuing uptrend.
- The Wave Oscillator shows bearish momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: NEO / U.S. Dollar (NEOUSD) Elliott Wave Technical Analysis
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