Elliott wave Ripple analysis 17.06.2022

The XRPUSD is forming impulse wave [C] of a larger degree. It is clear from the hourly timeframe that there finished impulse (3) and a complex correction (4) composed of sub-waves W-X-Y-X-Z. Since June 10, the Ripple price has been falling in the final impulse wave (5) composed of sub-waves 1-2-3-4-5. The market will be moving down in sub-wave 5 to a level of 0.240. Where wave (5) will be 38.2% of impulse (3).

Trading plan for XRPUSD today:

Sell 0.306,

Take profit: 0.240.

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