XRP Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart.

XRP/ U.S. dollar(XRPUSD).

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: The Moved in Triangle Before Increase again

XRP/U.S. dollar(XRPUSD)Trading Strategy:

Triangle correction, where we are in the final phase of the correction in Wave E. Once Wave E is complete, the price will return to the uptrend again.

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

Elliott Wave Analysis TradingLounge 2H Chart,

XRP/ U.S. dollar(XRPUSD).

XRP/USD Elliott Wave technical analysis

Function: Follow  Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave 4.

Direction next higher degrees: Wave C of Zigzag.

Wave Cancel invalid level:

Details: A short-term pullback in wave 4 before falling again in wave 5.

XRP/ U.S. dollar(XRPUSD)Trading Strategy:

Decreasing in an impulse pattern where we are in a short pullback in wave 4 before falling again in wave 5 to complete wave C and after which the price re-enters the uptrend.

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

Technical analyst: Kittiampon Somboonsod

XRP/USD Elliott Wave technical analysis [Video]