Elliott wave Ripple analysis

22 dic 2021

The XRPUSD market continues forming the descending motive wave (Y) as a simple zigzag A-B-C. There is unfolding corrective wave B as a double zigzag [W]-[X]-[Y]. There is unfolding the final motive wave [Y] as a double combination, which will be concluded by wave (Y), whose final impulse C is currently developing. The Ripple price will be rising in the C impulse to a level of 1.055, where the entire correction B will be 61.8% of impulse A.

Trading plan for XRPUSD today:
Buy 0.967, TP 1.055