Elliott wave Ripple analysis  08.07.2022

The XRPUSD market is forming the impulse down wave [C] that will conclude the motive zigzag-shaped wave Z. The final wave (5) is forming within the [C] wave as an ending diagonal 1-2-3-4-5. If the presumption is correct, the Ripple price should be falling in sub-wave 5 to a level of the previous low of 0.285, as outlined in the chart.

Trading plan for XRPUSD today:

Sell 0.326,

Take profit: 0.285.







Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.