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Ripple Elliott Wave technical analysis [Video]

Ripple Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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.

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.

Chart

Ripple Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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