Elliott wave Ripple analysis 07.12.2021

The XRPUSD market is forming the final leg of the global double zigzag, sub-wave (Y). The (Y) wave must be developing as a simple zigzag A-B-C. Impulse wave A looks complete, it is composed of five sub-waves [1]-[2]-[3]-[4]-[5]. There has started unfolding the bullish correction as a double combination [W]-[X]-[Y], as outlined in the chart. There is developing the first motive wave [W]. The entire pattern could finish at a level of 1.163, where wave B will retrace the A wave by 76.4%.

Trading plan for XRPUSD today:

Buy 0.831,

TP 1.163

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (7 December 2021) | LiteFinance

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