Elliott Wave Analysis TradingLounge Daily Chart, April 19, 2023

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Ripple /U.S. Dollar (XRP-X)

XRPUSD Elliott Wave Technical Analysis 

Function: Counter trend

Mode: Corrective

Structure: Triangle

Position: Wave (E)

Direction Next higher Degrees: wave I of Impulse

Details: Retracement of wave ((4)) usually .382 x Length wave ((3))

Wave Cancel invalid Level: 0.35407

Ripple /U.S. Dollar (XRPUSD) Trading Strategy: Short-term correction of the fourth wave Triangle tendency due to contractile sideways movement. It consists of waves A, B, C, D, E and we predict a final decline in wave E before rising again in the fifth wave.

Ripple /U.S. Dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, April 19, 2023,  

Ripple /U.S. Dollar (XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Counter trend

Mode: Corrective

Structure: Triangle

Position: Wave (E)

Direction Next higher Degrees: wave I of Impulse

Details: Retracement of wave ((4)) usually .382 x Length wave ((3))

Wave Cancel invalid Level: 0.35407

Ripple /U.S. Dollar (XRPUSD) Trading Strategy: Short-term correction of the fourth wave Triangle tendency due to contractile sideways movement. It consists of waves A, B, C, D, E and we predict a final decline in wave E before rising again in the fifth wave.

Ripple /U.S. Dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish.

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