Elliott wave Ripple analysis 22.08.2022

The XRPUSD market is forming the initial part of the corrective pattern unfolding as a double zigzag W-X-Y. There is developing the first sub-wave W as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The price could be rising to the previous high of 0.408, marked by wave [Y]. The price should be rising in the motive wave [Z] developing as a standard zigzag (A)-(B)-(C), as outlined in the chart.

Trading plan for XRPUSD today:

Buy 0.338,

Take profit: 0.408.








Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.