Elliott wave Ripple analysis 01.11.2022

The most recent XRPUSD chart section displays the formation of the initial part of a potential standard zigzag [A]-[B]-[C]. Most likely, sub-wave [A] unfolding as leading diagonal (1)-(2)-(3)-(4)-(5). The last sub-wave (5) is needed to complete the leading diagonal. It is expected to fully unfold at the level of 0.494, marked by a correction 4. Zigzag [A]-[B]-[C] can be completed at a high of 0.549.

Trading plan for XRPUSD today:

Buy 0.457,

Take profit: 0.494

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