Elliott wave Ripple analysis 14.12.2021

The hourly XRPUSD chart displays the structure of the bearish motive wave (Y) unfolding as a simple zigzag with the impulse wave A completed inside. There is forming the bullish correction B as a double zigzag [W]-[X]-[Y]. Wave [W] has completed as a double combination. The linking wave [X], composed of sub-waves (W)-(X)-(Y), could soon end. Therefore, the Ripple price should be rising in wave [Y] to a level of 1.052, where correction B will be 61.8% of impulse A.

Trading plan for XRPUSD today:

Buy 0.783,

TP 1.052

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (14 December 2021) | LiteFinance

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.