Elliott Wave Analysis TradingLoungeXRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid level:Details: Wave II is likely to be completed and the price will likely rise in wave III.XRP/ U.S. dollar(XRPUSD)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(XRPUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
XRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid level:Details: Wave II is likely to be completed and the price will likely rise in wave III.XRP/ U.S. dollar(XRPUSD)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(XRPUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
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