Elliott wave Ripple analysis 10.11.2022

The XRPUSD market is now forming the initial part of the A-B-C bearish zigzag, i.e. sub-wave A. Wave A is similar to a simple five-wave impulse [1]-[2]-[3]-[4]-[5], which requires the last sub-wave [5] to look completed. The price within the sub-wave [5] will decline to the price level of 0.298, at which it will be 38.2% of the impulse [3]. The future price movement is shown on the chart.

Trading plan for XRPUSD today:

Sell 0.371,

Take profit: 0.298.

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.