Elliott Wave Analysis TradingLounge
XRP/ U.S. dollar(XRPUSD)
XRP/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
position: Wave IV.
Direction next higher degrees: Wave (I).
Details: Retracement of wave IV before rising again in wave V.
XRP/ US Dollar (XRP/USD) Trading Strategy:The Corrective of wave IV with the Traingle pattern, now we are in the final phase of the decline in wave E to complete the Triangle pattern, so wait for wave E to complete to have an opportunity to rejoin the uptrend.
XRP/ US Dollar (XRP/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
XRP/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
position: Wave IV.
Direction next higher degrees: wave (I).
Details: Retracement of wave IV before rising again in wave V.
XRP/ US Dollar (XRP/USD) trading strategy: The Corrective of wave IV with the Traingle pattern, now we are in the final phase of the decline in wave E to complete the Triangle pattern, so wait for wave E to complete to have an opportunity to rejoin the uptrend.
XRP/ US Dollar (XRP/USD) technical indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Ripple Elliott Wave technical analysis [Video]
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