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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 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. 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.

Elliott Wave Analysis TradingLounge 4hr 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 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. 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.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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