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XRP Elliott Wave technical analysis [Video]

XRP 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 III.

Direction next higher degrees: Wave III of Impulse.

Wave cancel invalid level:

Details: Five-wave rise of wave III.

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

Chart

XRP/ U.S. dollar(XRPUSD).

XRP/USD Elliott Wave technical analysis 

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave III.

Direction next higher degrees: Wave III of Impulse.

Wave cancel invalid level:

Details: Five-wave rise of wave III.

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

Chart

Technical analyst: Kittiampon Somboonsod.

XRP/USD 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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