Elliott wave Ripple analysis 09.12.2022

The XRPUSD market continues to build correction B. It consists of five sub-waves, where the first four of them have already been completed. Now the last sub-wave [Z] is unfolding as a double zigzag (W)-(X)-(Y). The last sub-wave (Y) of this zigzag may end near the level of 0.416, marked by the second actionary sub-wave [Y]. In the current situation, consider opening long trades.

Trading plan for XRPUSD today:

Buy 0.389,

Take profit: 0.416.

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