XRPUSD Elliott Wave Analysis | TradingLounge Daily Chart
XRP/USD (XRPUSD) Daily Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next Higher Degrees: Wave (II) of Impulse
Wave Cancel Invalid Level:
Details: Wave II is equal to 61.8% of Wave I at 5.225.
Ripple/USD (XRPUSD) Trading Strategy:
The decreasing wave ((E)) is the final wave in the Triangle pattern before prices resume the uptrend. Wait for the correction to finish to rejoin the trend.
Ripple/USD (XRPUSD) Technical Indicators:
The price is below the MA200, indicating a downtrend. The Wave Oscillator shows Bearish Momentum.
XRPUSD Elliott Wave Analysis | TradingLounge H4 Chart
XRP/USD (XRPUSD) 4-Hour Chart Analysis
XRPUSD Technical Chart Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave E
Direction Next Higher Degrees: Wave 4 of Impulse
Wave Cancel Invalid Level: 0.486
Details: Movement within the triangle pattern before the price declines again in Wave 5.
Ripple/USD (XRPUSD) Trading Strategy:
The decreasing wave ((E)) is the final wave in the Triangle pattern before prices resume the uptrend. Wait for the correction to finish to rejoin the trend.
Ripple/USD (XRPUSD) Technical Indicators:
The price is below the MA200, indicating a downtrend. The Wave Oscillator shows Bearish Momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: TRON/ U.S. Dollar (TRXUSD) Elliott Wave Technical Analysis
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