Elliott wave Ripple analysis

29 thg 12, 2021

The XRPUSD market is forming a corrective wave B as a double zigzag, which is marked by sub-waves [W] - [X] - [Y]. The upward actionary wave [Y] is currently unfolding as a double zigzag (W) - (X) - (Y). Most likely, the development of the downward linking wave (X) as a simple zigzag A-B-C has come to an end. In the near future, the price may rise to the level of 1.055 within the final wave (Y), which, like the linking wave (X), may take the shape of a zigzag A-B-C. Wave B will be 61.8% of wave A at the indicated above level.

Trading plan for XRPUSD today:
Buy 0.853, TP 1.055