XRP Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart.

XRP/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave III.

Direction Next higher Degrees: wave I of Impulse.

Details: the five-wave Increase of wave III.

XRP/ U.S. dollar (XRPUSD) trading strategy: Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction within.

XRP/ U.S. dollar (XRPUSD) technical indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Elliott Wave analysis four-hour chart

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave III.

Direction next higher degrees: Wave I of Impulse.

Details: the five-wave Increase of wave III.

XRP/ U.S. dollar (XRPUSD) trading strategy: ChainLink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

XRP/ U.S. dollar (XRPUSD) technical indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

XRP Elliott Wave technical analysis [Video]