Elliott wave Ripple analysis 28.02.2022

The XRPUSDmarket is forming a downtrend as a bearish five-wave impulse composed of sub-waves [1]-[2]-[3]-[4]-[5]. So far, sub-waves [1]-[2] have completed. There is developing the down sub-wave [3], namely, its final fifth sub-wave. Wave (5) must be unfolding as an impulse 1-2-3-4-5, as outlined in the chart. Wave 3 should end at a level of 0.618. One could enter sell trades in the current situation. 

Trading plan for XRPUSD today:

Sell 0.721.

Take profit: 0.618.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.02.2022 | LiteFinance


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.