Elliott wave Ripple analysis 15.03.2023

The XRPUSD market continues to form the actionary wave Y as the zigzag [A]-[B]-[C]. Corrective wave [B] has a complex internal structure of the triple zigzag (W)-(X)-(Y)-(X)-(Z). Shortly expect a downward movement in a sub-wave [5]. It may take the shape of a final diagonal and complete the correction [B] near the level of 0.330. At this level, the correction [B] will reach the 76.4% Fibonacci level of the previous impulse [A].

Trading plan for XRPUSD today:

Sell 0.371,
Take profit: 0.330.








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