Elliott wave Ripple analysis 02.11.2022

After the completion of the linking wave XX, the construction of a new zigzag wave by the XRPUSD market began, which will consist of sub-waves [A]-[B]-[C]. Now the first sub-wave [A] is unfolding as the leading diagonal judging by the internal structure. This diagonal will be completed near the 0.494 level, marked by minor correction 4. Then the price may correct within the bearish wave [B], as shown in the chart.

Trading plan for XRPUSD today:

Buy 0.459,

Take profit: 0.494

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.