Elliott wave Ripple analysis 20.12.2021

The XRPUSD market is forming a descending motive wave (Y) as a simple zigzag, with the first impulse wave A completed and the upward corrective wave developing as a double zigzag[W]-[X]-[Y] inside. All sub-waves of this double zigzag must be also double zigzags of a smaller degree. The final motive wave [Y] will be concluded by the (Y) wave at a level of 0.966, where correction B will be 50% of the A impulse.

Trading plan for XRPUSD today:

Buy 0.891,

TP 0.966

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (20 December 2021) | LiteFinance

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