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

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