Elliott wave Ripple analysis 08.05.2023

The actionary wave [W] will take the shape of the zigzag (A)-(B)-(C). The last impulse wave (C) is currently unfolding. After sideways correction 4 took the double-three shape, the market began to decline in impulse wave 5. A sub-wave [5] is required to complete this impulse. Soon the price will decrease in sub-waves (3)-(4)-(5) to 0.411. At this level, 5 of (C) will be 76.4% of 3 of (C).

Trading plan for XRPUSD today:

Sell 0.433,

Take profit: 0.411





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