Elliott wave Ripple analysis 06.01.2023

The Ripple market is building a global linking wave X as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. Recently the second linking wave [X] has been completed. Soon expect a decline in the bearish actionary wave [Z]. It will end around the previous low of 0.409. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.505,

Take profit: 0.409.

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