Elliott wave Ripple analysis 12.05.2023

The actionary wave [W] has been completed as a standard zigzag (A)-(B)-(C). The most recent XRPUSD chart section displays the upward price movement, which may indicate the beginning of an upward linking wave [X]. Now it is difficult to predict the shape of what corrective pattern this wave will take. However, it will end around the level of 0.474, where it will be 38.2% of wave [W].

Trading plan for XRPUSD today:

Buy 0.435,

Take profit: 0.474.

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