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Elliott wave Ripple analysis 06.12.2021

The XRPUSD market is forming the global double zigzag, with the final leg, wave (Y), unfolding inside as a simple zigzag A-B-C. Wave A has completed as an impulse composed of five sub-waves [1]-[2]-[3]-[4]-[5]. There is developing the beginning of the bullish correction as a double combination [W]-[X]-[Y], as outlined in the chart. The entire pattern could end at a level of 1.163, where wave B will be 76.4% A.

Trading plan for XRPUSD today:

Buy 0.791,

TP 1.163

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (6 December 2021) | LiteFinance

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