Image Source: PexelsElliott Wave Analysis TradingLounge Daily 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 5.Ripple/ U.S. dollar(XRPUSD)Trading Strategy:
Decreasing wave ((E)), which is the last wave in the triangle pattern. The trend has ended and the price is returning to the uptrend again. So look for opportunities to join the uptrend.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 5.Ripple/ U.S. dollar(XRPUSD)Trading Strategy:
Decreasing wave ((E)), which is the last wave in the triangle pattern. The trend has ended and the price is returning to the uptrend again. So look for opportunities to join the uptrend.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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