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.

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.