Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartXRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave IVDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: Retracement of wave IV before rising again in wave V.XRP/ U.S. dollar(XRPUSD)Trading Strategy:
“The corrective wave IV within the triangle pattern is now in its final phase of decline, forming wave E to complete the triangle pattern. Wait for wave E to finish before looking for an opportunity to rejoin the uptrend.XRP/ U.S. dollar(XRPUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge 4hr ChartXRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave IVDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: Retracement of wave IV before rising again in wave V.XRP/ U.S. dollar(XRPUSD)Trading Strategy:
“The corrective wave IV within the triangle pattern is now in its final phase of decline, forming wave E to complete the triangle pattern. Wait for wave E to finish before looking for an opportunity to rejoin the uptrend.XRP/ U.S. dollar(XRPUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:XAUUSD Commodity Elliott Wave Technical Analysis – Monday, January 6
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