Elliott wave Ripple analysis 30.05.2023

The XRPUSD market is building a major linking wave X. It can take the shape of a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The second linking wave [X] has been completed. Soon expect the development of the bearish actionary wave [Z]. It will end around the previous low at 0.409. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.499,

Take profit: 0.409

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