Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartRipple/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave EDirection Next higher Degrees: wave 4 of ImpulseWave Cancel invalid level: 0.486Details: Movement within the triangle pattern before the price Declines again in Wave 5.Ripple/ U.S. dollar(XRPUSD)Trading Strategy:
Decreasing wave ((E)), which is the last wave in the Triangle pattern before prices re-enter the uptrend. So wait for the correction to complete to join the trend again.Ripple/ U.S. dollar(XRPUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartRipple/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave EDirection Next higher Degrees: wave 4 of ImpulseWave Cancel invalid level: 0.486Details: Movement within the triangle pattern before the price Declines again in Wave 5.Ripple/ U.S. dollar(XRPUSD)Trading Strategy:
Decreasing wave ((E)), which is the last wave in the Triangle pattern before prices re-enter the uptrend. So wait for the correction to complete to join the trend again.Ripple/ U.S. dollar(XRPUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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