Elliott Wave Analysis TradingLounge Daily Chart.
XRP/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave III.
Direction Next higher Degrees: Wave I of Impulse.
Details: The five-wave Increase of wave III.
Ripple / U.S. dollar (XRPUSD) Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Ripple / U.S. dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge four-hour chart.
XRP/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave III.
Direction Next higher Degrees: Wave I of Impulse.
Details: The five-wave Increase of wave III.
Ripple/US dollar(XRPUSD) Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Ripple/ US dollar(XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
Ripple Elliott Wave technical analysis [Video]
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