Elliott wave Ripple analysis 19.12.2022

Ripple has finished forming a large corrective wave. Wave B looks like a horizontal contracting triangle [A]-[B]-[C]-[D]-[E]. After the completion of this triangle, the price began to decline. Now bearish wave C unfolds as an impulse [1]-[2]-[3]-[4]-[5] as shown in the chart. Wave C could end at a low of 0.316, marked by wave A.

Trading plan for XRPUSD today:

Sell 0.336,

Take profit: 0.316.

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