Elliott wave Ripple analysis 05.12.2022

The XRPUSD market continues to rise, which suggests that correction B is not complete. As part of correction B, the final actionary wave [Z] is unfolding as a double zigzag (W)-(X)-(Y) near the price level of 0.416. At this level the actionary wave [Y] has been completed. Thus, in the current situation, consider opening long trades.

Trading plan for XRPUSD today:

Buy 0.392,

Take profit: 0.416.





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