Elliott wave Ripple analysis 06.03.2023

XRPUSD is forming an actionary wave Y inside a linking wave (X) in the long term. Wave Y is unfolding as a zigzag [A]-[B]-[C]. Recently a long correction [B] has been completed as a triple zigzag (W)-(X)-(Y)-(X)-(Z). Now wave [C] is unfolding as an impulse (1)-(2)-(3)-(4)-(5), as shown in the chart. Impulse (3) is expected to end at a high of 0.418.

Trading plan for XRPUSD today:

Buy 0.361,
Take profit: 0.418.





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