Elliott wave Ripple analysis

17 thg 2, 2022

The XRPUSD market has started a new bearish wave, likely developing as an impulse. The first sub-wave [1] must have completed as a five-wave impulse. There is forming the upward correction [2] as a simple zigzag (A)-(B)-(C). The final wave (C) must be forming as an ending diagonal. The entire pattern should end at a level of 0.874, where correction [2] will retrace impulse [1] by 76.4%.

Trading plan for XRPUSD today:
Buy 0.823, Take profit: 0.874.