Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartXRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical Analysis Function: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave I of ImpulseWave Cancel invalid level: Details: the five-wave Increase of wave IIIXRP/ U.S. dollar(XRPUSD)Trading Strategy:
Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction within.XRP/ 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: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave I of ImpulseWave Cancel invalid level: Details: the five-wave Increase of wave IIIXRP/ U.S. dollar(XRPUSD)Trading Strategy:
ChainLink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.XRP/ 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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