Image by WorldSpectrum from Pixabay Elliott Wave Analysis TradingLounge Daily ChartXRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 5.225Ripple/ 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 ChartXRP/ 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 5Ripple/ 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
More By This Author:Elliott Wave Technical Analysis: DAX
Elliott Wave Technical Analysis: Cocoa – Thursday, July 4
Elliott Wave Technical Analysis: ASX Limited – Thursday, July 4
