Elliott wave Ripple analysis 11.07.2022

The XRPUSD market is forming the final impulse wave [C], which is an element of the triple zigzag W-X-Y-X-Z. Sub-waves (1)-(2)-(3)-(4) have finished within the [C] wave, and the final wave (5) is developing as an ending diagonal 1-2-3-4-5. The market is forming the descending sub-wave 5 as a double zigzag, which should finish at a level of 0.285, marked by the impulse sub-wave (3).

Trading plan for XRPUSD today:

Sell 0.325,

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.