Elliott wave Ripple analysis 14.03.2023

Ripple is forming an actionary wave Y as zigzag [A]-[B]-[C]. Corrective wave [B], which has a complex internal structure of the triple zigzag (W)-(X)-(Y)-(X)-(Z), is currently unfolding. Shortly expect a downward impulse movement in the sub-wave [5], which can complete the entire correction [B] around the level of 0.329. At this level, the correction [B] will reach the 76.4% Fibonacci level of the previous impulse [A].

Trading plan for XRPUSD today:

Sell 0.367,
Take profit: 0.329.

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