Elliott wave Ripple analysis 27.12.2022

XRPUSD H1 chart shows that the large corrective wave has come to an end. After the completion of wave B as a horizontal contracting triangle [A]-[B]-[C]-[D]-[E], the price declined. Now the bearish wave C is unfolding as an impulse [1]-[2]-[3]-[4]-[5] as shown in the chart. Wave C could end at the low of 0.316, marked by impulse wave A.

Trading plan for XRPUSD today:

Sell 0.358,

Take profit: 0.316






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.