Elliott wave Ripple analysis 04.11.2022

The XRPUSD market is building the initial part of the zigzag [A]-[B]-[C], that is, wave [A]. It will take the shape of the leading diagonal (1)-(2)-(3)-(4)-(5), judging by the internal structure. For its completion, the last sub-wave (5) is needed. It will end at 0.494, marked by correction 4. The future price movement is shown on the chart.

Trading plan for XRPUSD today:

Buy 0.454,

Take profit: 0.494.

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