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XRP Elliott Wave technical analysis [Video]

XRP Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

XRP/USD Elliott Wave technical analysis 

Function: Counter Trend.

Mode: Corrective.

Structure: Flat.

Position: Wave ((C)).

Direction next higher degrees: Wave II of Impulse.

Details: Wave II is likely to be completed and the price will likely rise in wave III.

XRP/ U.S. dollar (XRP/USD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

XRP/ U.S. dollar (XRP/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

XRP

XRP/USD Elliott Wave technical analysis 

Function: Counter Trend.

Mode: Corrective.

Structure: Flat.

Position: Wave ((C)).

Direction next higher degrees: Wave II of Impulse.

Details: Wave II is likely to be completed and the price will likely rise in wave III.

XRP/ U.S. dollar (XRP/USD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

XRP/ U.S. dollar (XRP/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

XRPUSD

XRP 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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