Elliott Wave Technical Analysis: Ripple Crypto Price News Today - Tuesday, Aug. 27
Elliott Wave Analysis TradingLounge Daily Chart
XRP/ U.S. dollar(XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid level:
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 TradingLounge H4 Chart
XRP/ U.S. dollar(XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid level:
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.
Technical Analyst: Kittiampon Somboonsod
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
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