Elliott wave Ripple analysis 23.03.2023

Ripple builds an actionary wave Y as a standard zigzag [A]-[B]-[C]. Now the last wave [C] is unfolding. Its structure is similar to the impulse (1)-(2)-(3)-(4)-(5). The correction (4) has come to an end. Soon expect growth in sub-wave (5) to the level of 0.511. At this level, wave [C] will be 123.6% of the impulse [A]. In the current situation, consider opening long trades.

Trading plan for XRPUSD today:

Buy 0.417,

Take profit: 0.511.

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.