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Elliott wave Ripple analysis 18.05.2022

The XRPUSD market is forming the final impulse wave [C] of the motive wave Z, and the triple zigzag of a larger degree is about to end soon. Wave [C] is an impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) is currently unfolding as a double zigzag W-X-Y. This correction should finish at level 0.492, where wave (4) will be 50% of impulse (3).

Trading plan for XRPUSD today:

Buy 0.424,

Take profit: 0.492.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.05.2022 | LiteFinance




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