Elliott wave Ripple analysis

24 thg 2, 2022

The XRPUSD market is declining. A bearish impulse consisting of five sub-waves [1]-[2]-[3]-[4]-[5] is expected to form. At the time of writing, an impulse sub-wave [3] is developing. Perhaps, the downward impulse (3) within wave [3] has ended. This is a signal for a bullish correction (4). The price in the corrective sub-wave (4) will likely rise to the previous high of 0.740, which was marked by sub-wave 4.

Trading plan for XRPUSD today:
Buy 0.641, Take profit: 0.740.