XRP Elliott Wave technical analysis [Video]
|XRP/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave ((C)).
Direction next higher degrees: Wave II of Impulse.
Details: Wave II is likely to be completed and the price will likely rise in wave III.
XRP/ U.S. dollar (XRP/USD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
XRP/ U.S. dollar (XRP/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
XRP/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave ((C)).
Direction next higher degrees: Wave II of Impulse.
Details: Wave II is likely to be completed and the price will likely rise in wave III.
XRP/ U.S. dollar (XRP/USD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
XRP/ U.S. dollar (XRP/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
XRP Elliott Wave technical analysis [Video]
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