Elliott wave Ripple analysis 16.02.2023

Ripple continues to form a bearish corrective wave [B] as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The first three sub-waves (W)-(X)-(Y) have been completed. Shortly expect the development of the second linking wave (XX). It is expected to end at 0.406, where the sub-wave X has been previously completed. After reaching the specified level, the market may reverse and start moving down in the final wave (Z).

Trading plan for XRPUSD today:

Buy 0.399,

Take profit: 0.406.

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