XRP Elliott Wave technical analysis [Video]

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.

XRP/ U.S. dollar (XRPUSD) Trading Strategy: Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction within.

XRP/ U.S. dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

XRP/USD one-day 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

XRP/ U.S. dollar (XRP/USD) Trading Strategy: ChainLink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

XRP/ U.S. dollar (XRP/USD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

XRP Elliott Wave technical analysis [Video]