Elliott wave Ripple analysis 17.12.2021

The XRPUSD market is forming the (Y) wave as an element of a larger corrective pattern. Wave (Y) is unfolding as a simple zigzag A-B-C. Impulse A has completed, and the B correction is currently unfolding as a double zigzag [W]-[X]-[Y]. The first two legs, sub-waves [W] and [X] must have completed. The final motive ave [Y] should also be developing as a double combination (W)-(X)-(Y), with the upward wave (Y) unfolding inside. Wave (Y) could end at a level of 0.966, where correction B will be 50% of the A impulse.

Trading plan for XRPUSD today:

Buy 0.812,

TP 0.966

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (17 December 2021) | LiteFinance

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