Elliott wave Ripple analysis 29.05.2023

A major linking wave X is unfolding as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. Currently, the second linking wave [X] is under construction. Judging by its structure, it will end as a triple zigzag (W)-(X)-(Y)-(XX)-(Z) of a smaller wave degree. The bullish corrective pattern will be completed around 0.495. At this level, actionary waves (Y) and (Z) will be equal.

Trading plan for XRPUSD today:

Buy 0.480,

Take profit: 0.495.

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