19Dec

Ripple/U.S. dollar(XRPUSD) Elliott Wave Technical Analysis 19 December 23

Elliott Wave Analysis TradingLounge Daily Chart, 19 December 23,

Ripple/U.S. dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave ((E))

Direction Next higher Degrees: wave 4 of Impulse

Wave Cancel invalid level:

Details: The movement within a triangle pattern

Ripple/U.S. dollar(XRPUSD) Trading Strategy: Overall, XRP is still in the correction phase of the triangle pattern. Prices continue to trend down in wave (C) with important support around the 0.400 area.

Ripple/U.S. dollar(XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

XRPUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 19 December 23,

Ripple / U.S. dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

Direction Next higher Degrees: wave (Z) of triple Corrective

Wave Cancel invalid level: 0.52954

Details: the five-wave decline in Wave c

Ripple / U.S. dollar(XRPUSD)Trading Strategy: We are still looking for a five-wave decline of Wave C. We now have a completed Wave 1 at 0.57400 and a Wave 2 retracement at 0.700, so price is entering a wave 3 trending move. At the level of 161.8% of wave 1(0.42), the overall picture is still in a downtrend.

Ripple / U.S. dollar(XRPUSD)Technical Indicators: The price is below the MA200 indicating a down trend, Wave Oscillators a Bearish Momentum.

XRPUSD-4Hr-Crypto-Ch...

Related

BTCUSD Forecast: Elliott Wave Technical  Analysis and Key Signals for Bitcoin’s Uptrend

BTCUSD Forecast: Elliott Wave Technical Analysis and Key Signals for Bitcoin’s Uptrend

Gain valuable insights into Bitcoin's (BTCUSD) current market trends with Elliott Wave analysis....

Read More >
Identified support levels and predicted price targets Analog Devices Inc. Stock: ADI Elliott Wave Technical Analysis

Identified support levels and predicted price targets Analog Devices Inc. Stock: ADI Elliott Wave Technical Analysis

This comprehensive Elliott Wave analysis of Analog Devices Inc. (ADI) for June 2024 offers a deep di...

Read More >
Gold XAUUSD Commodity Elliott Wave Technical Analysis:Assessing the Current Trend and Structure

Gold XAUUSD Commodity Elliott Wave Technical Analysis:Assessing the Current Trend and Structure

Gold Elliott Wave Analysis, identifying the crucial stages of the current impulse wave sequence and ...

Read More >
Australian Dollar / Japanese Yen (AUDJPY) Forex Elliott Wave Technical Analysis: Insights and Predictions

Australian Dollar / Japanese Yen (AUDJPY) Forex Elliott Wave Technical Analysis: Insights and Predictions

Elliott Wave analysis of the AUDJPY currency pair, detailing both daily and 4-hour chart interpretat...

Read More >
Introduction to Cryptocurrencies

Introduction to Cryptocurrencies

Introduction to Cryptocurrencies Introduction Cryptocurrencies have emerged as a groundbreaking in...

Read More >
Unlocking Market Potential: SP500 at 5000 and Nasdaq 100 at 18000 Resistances - Elliott Wave Analysis Update

Unlocking Market Potential: SP500 at 5000 and Nasdaq 100 at 18000 Resistances - Elliott Wave Analysis Update

SP500 at 5000, Nasdaq 100 near 18000 resistance. Markets may temporarily breach, but gravitational p...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on