XRP/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Triangle.
Position: Wave E
Direction next higher degrees: Wave 4 of impulse.
Details: Movement within the triangle pattern before the price declines again in wave 5.
XRP/USD trading strategy
Decreasing wave ((E)), which is the last wave in the triangle pattern before prices re-enter the uptrend. So wait for the correction to complete to join the trend again.
XRPUSD technical indicators
The price is below the MA200 indicating a downtrend, the wave oscillator is a bearish momentum.
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XRP/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Triangle.
Position: Wave E
Direction next higher degrees: Wave 4 of impulse.
Wave cancel invalid level: 0.486.
Details: Movement within the triangle pattern before the price declines again in wave 5.
XRP/USD trading strategy
Decreasing wave ((E)), which is the last wave in the Triangle pattern before prices re-enter the uptrend. So wait for the correction to complete to join the trend again.
XRPUSD technical indicators
The price is below the MA200 indicating a downtrend, the wave oscillator is a bearish momentum.
XRP/USD Elliott Wave technical analysis [Video]
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