onestep1999

Elliott wave Ripple analysis

The XRPUSD market is forming a bearish impulse, which will consist of five sub-waves ----. At the moment, an impulse subwave is being formed. Possibly, the construction of the downward impulse (3) has come to an end as part of the wave . This is a signal for a bullish correction (4). The price in the corrective sub-wave (4) will likely rise to the previous high of 0.740, which was marked by sub-wave 4. In the current situation, it is profitable to consider entering purchases.

Trading plan for XRPUSD today:
Buy 0.694, Take profit: 0.740.
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