Ripple/ U.S. Dollar (XRPUSD) Elliott Wave Analysis TradingLounge Daily Chart
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next Higher Degrees: Wave III of Impulse
Wave Cancel Invalid Level: [N/A]
Details: The analysis highlights a five-wave rise of Wave III.
Ripple/ U.S. Dollar (XRPUSD) Trading Strategy
The overall trend remains bullish, characterized by an impulsive rally. XRPUSD is currently within the fifth wave, which is still incomplete, indicating that the price is likely to continue its upward movement. Traders should look for a rebound within the ongoing uptrend to optimize entry points.
Ripple/ U.S. Dollar (XRPUSD) Technical Indicators
- The price is positioned above the MA200, which confirms the prevailing uptrend.
- The Wave Oscillator reflects strong bullish momentum, supporting further upward potential.
Ripple/ U.S. Dollar (XRPUSD) Elliott Wave Analysis TradingLounge 4H Chart
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next Higher Degrees: Wave III of Impulse
Wave Cancel Invalid Level: [N/A]
Details: The analysis reiterates the five-wave rise of Wave III.
Ripple/ U.S. Dollar (XRPUSD) Trading Strategy
The bullish overview persists, with the impulsive rally continuing. XRPUSD remains within the fifth wave, still incomplete, signaling further upward movement. A potential rebound within the uptrend offers a favorable entry opportunity for traders.
Ripple/ U.S. Dollar (XRPUSD) Technical Indicators
- The price remains above the MA200, reinforcing the bullish trend.
- The Wave Oscillator confirms sustained bullish momentum, which supports the continuation of the upward trajectory.
Technical Analyst: Kittiampon Somboonsod
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