Elliott wave Ripple analysis 01.12.2021

The XRPUSD market is forming the final leg of the large contracting triangle A-B-C-D-E, the bullish wave E. Wave E could be a simple zigzag [A]-[B]-[C]. The first sub-wave [A] could end at a level of as a five-wave impulse (1)-(2)-(3)-(4)-(5) at a level around 1.070 marked by correction (B). Therefore, the price should be moving in sub-wave (5) of a smaller degree to a level of 1.070.

Trading plan for XRPUSD today:

Buy 1.009,

TP 1.070

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (1 December 2021) | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.